At around 1.30pm Singapore time, DBS was up 16 Singapore cents at S$17.97, while UOB had gained 11 Singapore cents and was trading at S$22.80. Meanwhile, OCBC Bank was 11 Singapore cents higher at S$10.21.
During intraday trading, DBS hit a high of S$18.04, while UOB climbed to S$22.88 and OCBC rose to S$10.23.
This comes as ratings agency Moody's said that the new liquidity coverage ratio (LCR), for which the Monetary Authority of Singapore recently released its consultation paper, is expected to be credit-positive for Singapore's largest banks. The LCR rules, which will apply to Singapore banks and their foreign branches, will ensure that banks have enough high-quality liquid assets (HQLAs) to withstand a 30-day liquidity stress test.
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