Chart of the Day: See which among Singapore banks reaped big gains from China

1Q earnings boosted mainly by China exposure.

What stood out in first-quarter results was the strong earnings kicker emanating from Greater China. Maybank Kim Eng noted that this was the main reason for the strong earnings beat at DBS and OCBC.

Here's more:

The impact came through via an expanding NIM, strong loan growth and larger fee income. Being the least exposed to Greater China, UOB did not benefit as much. This, in large part, explains its weaker earnings growth. In recent years, Singapore banks’ fortunes are increasingly more dependent on Greater China.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!