Personal Finance
DBS, OCBC and UOB: How Did They Perform in 2019?
By Seedly  •  March 4, 2020

Last month, Singapore’s three major banks announced their financial results for the year ended 31 December 2019.

For those uninitiated, those banks are — DBS Group Holdings Ltd (SGX: D05), Oversea-Chinese Banking Corporation Limited (SGX: O39) and United Overseas Bank Ltd (SGX: U11).

The banks, which make up around 40% of the Straits Times Index, performed well financially in 2019.

For 2019, the banking trio averaged a net profit of S$5.2 billion, up 10.1% year-on-year.

Among them, DBS reported the highest net profit of S$6.39 billion, translating to an increase of 14% compared to a year back.

For investors who are looking to pick the best of the lot, here’s a comparison of the banks’ 2019 critical financial ratios, including their valuations.

Profitability Ratios

The following table shows a few key ratios that give us a better picture of the banks’ profitability (the “best” metrics are in bold):

BankNet Interest MarginCost-to-Income RatioReturn on AssetsReturn on...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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