in the US has hit a four-decade high recently, the central bank there has also targeted aggressive rate hikes, starting with a 0.5% increase back in May.
On this front, DBS has communicated that it will see a S$1.9 billion uplift if the Federal Reserve increases interest rates by one percentage point.In contrast, UOB and OCBC have announced an NII uplift of just S$600 million and S$700 million, respectively.Hence, DBS stands to benefit the most from this interest rate cycle in the coming quarters.Aside from organic growth from an increase in its loan book and higher NIMs, DBS has also been busy on the acquisition front.
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