- Singapore banks delivered resilient earnings in 1Q25 (DBS: +15% q-o-q, OCBC: +12% q-o-q) supported by a sequential rebound in non-interest income.
- - Read this at SGinvestors.io -
First order direct impact from vulnerable sectors assessed to be manageable.
- DBS (SGX:D05)'s exposure to large corporations in the automobile, metals & mining and discretionary consumer goods sectors accounted for 1-2% of total loans.
- - Read this at SGinvestors.io -
- UOB (SGX:U11)'s corporate customers exporting to the US market (10-25% of sales) accounted for 2% of total loans.
Banks are committed to capital management plans.
- Read more at SGinvestors.io.
