Wealth management income may have already peaked in H1 2018. Banks in Singapore are set for a good year as loan yields continue to climb in Q3 as reflected by the higher 3-month SIBOR which hit an average of 1.5% in Q2 from 1.3% in Q1, according to a flash note from DBS Equity Research. UOB's lesser exposure to trade loans than OCBC is expected to support to its lending prospects as it continues to drive volumes in Q3 despite a projected flattish net interest margin (NIM) in the quarter. It is also expected to benefit from growth in Thailand business. Despite its larger exposure to trade and wealth management income which are have been hit by volatile market conditions, the report notes that OCBC is set for a NIM expansion as it starts repricing in Singapore mortgages and phasing out more expensive deposits.