DBS Group Holdings leads the pack with its market cap of more than $100 billion while Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (SGX:U11
) (UOB) are significantly behind, with their market caps at $65 billion and $52 billion respectively.
All three local banks, buoyed by higher-for-longer rates, have reported record earnings, and to reflect this, their share prices are trading at or near record levels as well.
