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DBS to gain most among Singapore banks from a US rate increase

PC Lee
PC Lee9/1/2016 03:54 PM GMT+08  • 1 min read
DBS to gain most among Singapore banks from a US rate increase
SINGAPORE (Sept 1): DBS Group Holdings will benefit most among the three Singapore banks if the US Fed raises interest rates soon, RHB Research says.
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SINGAPORE (Sept 1): DBS Group Holdings will benefit most among the three Singapore banks if the US Fed raises interest rates soon, RHB Research says.

Although concerns over its oil and gas plays remain, as do worries over the impact of a weak economy on the bank's performance, RHB says a rate increase would lead to a rise in the Singapore Interbank Offered Rate.

An increase in that rate would widen DBS’s net interest margin more than its peers, RHB says.

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