Expected Performance For Banks In 2Q18!
In the current rising interest rate environment, all eyes are on banks as they are expected to experience a boost in performance. However, not all banks are created equal and their performance would vary. Before they post their 2Q18 results, here is a roundup of their expected performance! Operating Environment Overall, the economic conditions remain favourable for the banking sector with rising interest rates and a benign credit environment. Looking forward, the cutting down of manpower through digitalisation should help to increase efficiency and improve performance. Singapore’s economic growth stood at 4.3 percent year on year for the first quarter of the year due to growth in the manufacturing and service sector. With the economy picking up, the Monetary Authority of Singapore has sh