Singaporean Banks Attract $61 Billion in New Asian Wealth

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Singapore Banks Attract $61 Billion in New Wealth Amid Global Tensions

The figures highlight how Singapore’s lenders are relying more on wealth fees as loan margins narrow. Bloomberg

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Moneycontrol•25-02-2026, 19:18

Singapore Banks Attract $61 Billion in New Wealth Amid Global Tensions

•Singapore's top three banks drew S$77 billion ($61 billion) in new wealth last year, driven by geopolitical tensions and trade uncertainty.
•OCBC reported a 30% rise in net new money to S$27 billion, with wealth assets under management reaching a record S$343 billion.
•DBS Group Holdings Ltd. saw S$39 billion in fresh inflows, bringing its wealth AUM to S$488 billion, while United Overseas Bank Ltd. added S$11 billion.
•The inflows highlight banks' increasing reliance on wealth fees as loan margins narrow, boosting wealth management fees by 33% at OCBC and 29% at DBS.
•Singapore's political stability and predictable regulatory framework are attracting wealthy individuals, contrasting with policy shifts in other global hubs like London.

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