DBS vs OCBC vs UOB: Which Singapore bank looks best for income investors after the rally

What happened ?

DBS, OCBC and UOB are trading near their all-time highs.  For much of last year, DBS’ record run drew much of the attention among Singapore’s three local banks. Since then, OCBC has also become a stronger performer, with its share price catching up against DBS. Year-to-date, all three Singapore banks have also outperformed the Straits Times Index. More recently, we looked at how wealth management income could support the banks’ dividends. This has led to more discussion in the Beansprout community on whether DBS, OCBC or UOB still looks attractive for dividend income after the rally. In this article, I’ll compare DBS, OCBC and UOB based on their earnings growth, capital strength, dividend payout and return on equity to see which Singapore bank’s dividend looks more sustainable for income investors.  Source: Factset, as of 17 Jun 2026