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S’pore banks’ earnings to be upheld by higher-for-longer rates, but headwinds remain: Analysts
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The banks’ chiefs said in their results briefings they were optimistic about their net interest margins.
ST PHOTO: KEVIN LIM
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SINGAPORE – Singapore banks are expected to benefit as their margins are propped up by higher-for-longer interest rates, but headwinds remain in areas such as loan demand, said analysts.
DBS Group Holdings and OCBC Bank started the year strong with earnings that rose to new highs, boosted by factors such as higher fee income due to stronger market sentiment.
