Long-Term Strategies for Singapore Banks

Having reviewed the 3 local banks in my previous posts in terms of their past and current business performance, I will now look at some of the key trends that will impact their businesses going forward.

Singapore banks have long and storied histories that pre-dates even the city-state. While DBS was formed a few years after Singapore’s independence, POSB has existed since the late 19th century. OCBC and UOB have their own merchant financing histories that date back to the early 20th century. The reason I highlighted their long histories is to show that these…