Written by: Lynn Look
Thursday 28 Nov 2013
Singapore Banks - 2013 Quarterly Review (Part 3)
NON-INTEREST INCOME – the key engine of growth for next 1-2 years
Non-Interest Income accounted for between 34%-37% of Singapore Banks total income. DBS’ non-interest income grew the fastest, at 11% y-o-y in 3Q, boosted by a 50% jump in trading income whilst its peers saw sharp declines in their trading income caused by US FED tapering uncertainties.
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