SINGAPORE (June 30): Singapore’s three large listed banks have all recovered substantially from losses associated with Britain’s decision in a referendum to leave the European Union.

Shares of DBS Group Holdings, Oversea-Chinese Banking Corp. and United Overseas Bank were roiled by the results of the referendum as they came in on June 24, falling as much around 4% each on concerns about the impact on their business.

But in the last few days, sentiment has improved and global markets have recovered. Since the turnaround on Monday, shares of DBS, OCBC and UOB are up 3.6%, 3.8% and 4.7% respectively.