As the first Singapore Bank to announce earnings, DBS has once again achieved a record performance for the fourth quarter of 2022 and has finished the year on a high note. In total, net profit grew 20%, boosted by the increase in interest rate. The same question now comes into all investors’ minds, is it time to buy, sell or hold? I hope this article offers you an in-depth assessment of your investment in DBS and the other two local banks, UOB and OCBC, which will only be released in another week. So, let’s get started. Record earnings for FY2022 As aforementioned, DBS reported record earnings. This was mostly attributed to an increase in interest rates, which increased net interest income far more than the reduction in non-interest income caused by financial market volatility. Net interest income, which is the difference between what the bank makes from lending money, has increased by 40%....