- Net-interest-margin (NIMs) are main driver for Singapore banks' 3Q22 earnings. DBS/OCBC/UOB saw NIM expansion of 12bps/16bps/9bps q-o-q during 2Q22, respectively. During 2Q22 results, Singapore banks have guided positively for FY22F NIMs.
- - Read this at SGinvestors.io -
- UOB guided for > 20bps expansion over the next two quarters combined.
Cost of deposits set to rise with CASA expected to decline, though effect of higher loan yields still dominates.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Rui Wen LIM DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-10-20 SGinvestors.io
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Analyst Reports on Singapore Banking & Finance Sector