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Wealth management and fee income are crucial for Singapore banks, with analysts predicting continued growth in non-interest income to counterbalance declines in net interest income due to falling rates. In Q1 2026, DBS, OCBC, and UOB reported combined non-interest income of S$5.16 billion, surpassing previous quarters and year-on-year figures, indicating strong performance in this sector.

Businesstimes News

United Overseas Bank (UOB)

DBS Group

OCBC Bank

More upside ahead for DBS, OCBC, UOB as wealth fees power Q1 earnings

Singapore's United Overseas Bank (UOB) has indicated that the Monetary Authority of Singapore (MAS) may tighten its monetary policy sooner than expected, potentially in the April policy statement. This shift is influenced by escalating tensions in the Middle East, which could impact the energy sector and supply chains, leading to increased inflation in China. If crude oil prices remain around $100 per barrel in the second quarter, both overall and core inflation rates are likely to rise.

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Singapore's Monetary Authority May Tighten Policy Sooner Amid Middle East Tensions

UOB CEO Wee Ee Cheong's total compensation for 2025 decreased by 20% to S$12 million ($9.4 million) due to a 23% drop in the bank's net profit to S$4.7 billion. The pay package includes S$1.4 million in base salary, S$10.6 million in bonuses, and S$42,629 in benefits, with 60% of variable pay deferred over three years. This reduction aligns with UOB's overall performance decline.

FiNews

UOB CEO Receives Pay Cut in Line With Profit Drop

UOBAM PA FT ASEAN DV US(UPU.SG)

More upside ahead for DBS, OCBC, UOB as wealth fees power Q1 earnings

Singapore's Monetary Authority May Tighten Policy Sooner Amid Middle East Tensions

UOB CEO Receives Pay Cut in Line With Profit Drop