S’pore banks to continue strong growth but must keep close eye on asset quality: Analysts
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Analysts said rising interest rates are likely to put more pressure on businesses and consumers.
ST PHOTO: KELVIN CHNG
SINGAPORE – Local lenders will continue to see their earnings lifted by rising interest rates, but must carefully monitor their asset quality amid recession risks, said analysts.
All three banks raked in record third-quarter earnings from higher interest income and surging net interest margins (NIMs), which are a key gauge of a lender’s profitability.
