Which Bank Performed the Best? Singapore-Listed Banks Q3 Earnings Results Compared

DBS and OCBC have reported strong double-digit year-on-year growth rates in net interest income, with increases of 16% and 17%, respectively. In comparison, UOB's net interest income grew by 9%. All three banks have also seen significant year-on-year growth in net interest margins, with DBS experiencing a particularly substantial rise from 1.90% in Q3 of fiscal 2022 to 2.19%.

Based on their Q3 net profits, OCBC and DBS recorded significant increases of up to 21% and 18%, respectively, while UOB experienced a decline of 1%.

OCBC Bank was the only one to report an improvement in its non-performing loan (NPL) ratio among the three banks. The bank's NPL ratio dropped from 1.2% in the same period last year to 1.0% in Q3 FY2023. Meanwhile, DBS maintained its NPL ratio at 1.2% year-on-year, while UOB's ratio increased slightly from 1.5% in Q3 of fiscal year 2022 to 1.6%.