DBS Group Holdings reported a Q2 net profit of S$3.08 billion (US$2.4 billion), up 9% from a year ago, led by a 42% rise in wealth management fees to S$919 million, even as its net interest margin declined[ s1,s3,s12]. CEO Tan Su Shan said, "What pleased me most was the fact that we had record fees across the franchise, and it wasn't just any particular franchise. It was really a solid quarter across all the franchises" [1]. DBS raised its full-year 2026 earnings outlook, expecting total income to surpass 2025 levels supported by ongoing wealth management growth[ s1,s3,s9].
OCBC reported a 22% increase in Q2 net profit to S$2.22 billion, beating estimates with strong fees, trading, and insurance income that offset margin pressure[ s5,s7,s9]. Its CEO Tan Teck Long said the bank's "strong capital, funding and liquidity position would support growth while providing a buffer against uncertainty" [2]. OCBC raised its 2026 loan growth forecast to high-single-digit to low-double-digit, expecting total income expansion despite a slight dip in net interest income[ s5,s7,s9].
UOB posted a 10% rise in Q2 net profit to S$1.478 billion, in line with estimates. The bank achieved record wealth management fees, which increased more than 29%[ s5,s6,s9]. Its CEO highlighted healthy trade and investment flows and stronger regional connectivity as drivers supporting growth[ s10].
The trio of Singapore banks face pressure on interest margins due to lower rates but offset this through growth in wealth management fees, trading income, and other fee income sources[ s1,s5,s9,s10,s12]. Meanwhile, the Singapore Exchange (SGX) reported an exceptional 2026 financial year ended June 30, with a nearly 25% rise in adjusted net profit and 13.9% increase in revenue, boosted by 21 new listings that raised S$4.1 billion compared to six listings raising S$25.7 million a year earlier[ s4]. SGX CEO Loh Boon Chye described 2026 as "an exceptional year" marked by stronger participation, liquidity, and trading[ s4].
Venture Corporation, a Singapore-listed technology company, also posted a 10.3% increase in Q2 net profit to S$63 million and a 12.5% rise in revenue to S$72.6 million[ s8].
Bank executives flagged the Middle East conflict and energy market uncertainties as potential risks, but emphasized their strong capital and liquidity positions to support growth and manage volatility[ s5,s10]. DBS CEO Tan Su Shan added that the group’s "strong balance sheet, sound asset quality, healthy allowance reserves and capital position leave us well placed to capture growth opportunities and continue delivering sustainable shareholder returns"[ s12].
The banks are expected to update investors on full-year performance and outlook later this year as 2026 progresses.
