Blog Post  COMPARING OUR LOCAL BANKS
This week, all three local banks reported their full year results for 2016. We have summarised the financial results of the banks below:
DBS OCBC UOB
NET INTEREST INCOME (S$M) 7305 5052 4991
NET INTEREST MARGIN (%) 1.8 1.67 1.71
NON INTEREST INCOME (S$M) 4184 3437 3071
NON-PERFORMING LOAN RATIO (%) 1.4 1.3 1.5
TOTAL ALLOWANCES (S$M) 1434 726 594
NET PROFIT (S$M) 4238 3473 3096
EARNINGS PER SHARE (S$) 1.66 0.822 1.85
DIVIDEND PER SHARE (S$) 0.60 0.36 0.70
NET ASSET VALUE PER SHARE (S$) 16.87 8.49 18.82

Expected rate hikes by the US Federal Reserve
The Federal Reserve is expected to raise interest rates three times in 2017, which would benefit the net interest margins of banks. Net interest margin is the difference between the interest earned by the bank from its loans and the interest that it ...

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