News Formal

Singapore banks primed for headwinds after earnings beat

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The outlook is also clouded by a weakening Singapore economy that’s vulnerable to the fallout from the US-China trade war, which escalated again overnight. FMTNews

“The Singapore banks are relatively well-positioned to weather the macro uncertainties,” Krishna Guha, an analyst at Jefferies in Singapore, said on Bloomberg Television.

UOB and OCBC both posted increases in interest income, joining DBS in enjoying a boost from lending. The three firms also saw higher fees from wealth business. At a news briefing, he said net interest margins are likely to keep rising in the third quarter before flattening later in the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesian earnings disappoint most in 19 months on slow growthIndonesian companies are expecting to see a plunge in their earnings with industrial and consumer services sectors disappointing the most. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »