Written by: Lynn Look
Thursday 28 Jun 2012
Singapore Banks Quarterly: 1Q12 Results Review (Part 1)
Mirror mirror on the wall, who’s the fairest of them all?
Using returns on assets as a criteria, UOB continues to uphold its pole position as the most profitable and best managed bank in Singapore. We prefer it’s more selective and cautious stance in expanding its loans in view of the current uncertainties unfolding in the Eurozone. With the China RMB trade loans losing its steam, this should reflect in the fees & commission income of both OCBC and DBS in particular in the coming quarters.
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