However our 3 local Singapore banks are already preparing for this shift & possess alternate revenue sources to mitigate the impact.
Our Singapore banks $DBS(D05.SI)$ $OCBC Bank(O39.SI)$ and $UOB(U11.SI)$ are focusing on the lucrative Wealth Management and Private Banking sector. The banks can generate significant fees from managing assets of high net worth individuals and retail customers through investment products, advisory services and portfolio management.
Moreover fees from managing investment funds and other asset management services provide a steady, non interest based income stream.
Lower interest rates may also translate to an increase in bank loans as lower interest rates reduce the cost of borrowing for customers.
@Tiger_SG @TigerStars @Tiger_comments @TigerClub @CaptainTiger
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