DBS Group Holdings Ltd. and United Overseas Bank Ltd.

: That likely to boost interest income and margins at DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. and United Overseas Bank Ltd., he said, according to Bloomberg. Shares of the banks, Southeast Asia largest, slumped an average 4.6 percent last month as the interbank rate retreated and data showed outstanding loans in the city dropped for a third month in April to a one-year low. The decline in Singapore interbank rate from a six-year high is temporary and it will probably rise in step with Federal Reserve rates in coming months, according to Samsung Asset Management Alan Richardson. The lenders’ mean price-book ratio slid to 1.25 times on June 2, the lowest since February 2014, data compiled by Bloomberg show. Singapore banks are more in sync with the global interest-rate trend, which is to go up. I’d use it as a buying opportunity, said Richardson, who based in Hong Kong and invests in the banks for Samsung Asset, which oversees $112.5 billion. (news.financializer.com). As reported in the news.