See how Singapore’s three largest banks fared in 1Q15

Which bank emerged on top?

Singapore’s three listed bank - DBS, OCBC, and UOB - remained competitive as they reported their first-quarter earnings for 2015.

According to a media release by SGX, UOB outperformed both DBS and OCBC in growing its net interest income and improving net interest margin from the fourth quarter of last year.

UOB posted a 2.5% growth to $1.2b, which also reflected an 8.3% YoY gain. OCBC saw a 2% QoQ fall in 1Q15 net interest income to $1.25b, which was up 15% YoY. Lastly DBS increased its net interest income by 1% QoQ and 14% YoY to $1.69b.

Meanwhile, OCBC and DBS maintained the highest return on equity (ROE) levels at 13.2% and 12.2% respectively in the first quarter. Asset quality for the three banks remained stable compared to the previous quarter and the year-ago period.

SGX adds that the three banks have averaged total returns of 2.7% on a dividend-adjusted basis for the year thus far, taking their average 12-month total return to 20.5%. Their stocks also rallied to 52-week highs last month, boosting the STI.
 

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