SINGAPORE: Singapore’s three local banks chalked up record-breaking profits last year on the back of higher interest rates, but uncertainties around rate cycles and global growth may crimp earnings moving forward, analysts said.ĭBS – the first of the three local lenders to release earnings results on Feb 13 – said its fourth-quarter net profit soared 69 per cent year-on-year to hit a new record of S$2.34 billion.
