Singapore’s investment banking fees decline on fewer M&As

Banks also recorded lower DCM fees compared to the first nine months of 2022.

Banks in Singapore generated an estimated US$585.2m worth of investment banking fees in the first nine months of 2023, 20% lower compared to the same period in 2022, according to latest data from Refinitiv.

Advisory fees from completed mergers and acquisitions (M&As) notably fell by 32%, to just US$183.6m.

Equity capital markets (ECM) underwriting fees total US$122.9m, 7% more than the value recorded during the first nine months of 2022.

ALSO READ: Tech and transformation take center stage at the ABF Summit 2023

Debt capital markets (DCM) fees fell 35% to US$69.7m.

Syndicated lending fees declined 13% to US$209.1m so far during the first nine months of 2023.

Amongst banks, DBS is currently leading in Singapore’s investment banking fee league table so far, with a total of US$73.6m in fees. This is 13% of the total fee pool, Refinitiv said.

Follow the link s for more news on

DBS

Refinitiv

Also Read

Chinese banks set up offices at Dubai International Financial Centre

Weekly Global News Wrap: China, HK regulators to boost offshore listings, Crédit Agricole to raise stake in Banco BPM

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit