Friday, 07 Aug 2020 03:56 PM MYT
The profit beat market estimates and rose from the preceding quarter, sending its shares up two per cent yesterday. Singapore’s bank shares have been pummelled recently following a capping of their dividends last week by the central bank. Investors are keen to see if the June quarter marked the trough for banks’ net interest margins, a key measure of profitability, and whether lenders can effectively tackle loan losses in recession-hit economies.
The profit was above the first-quarter’s S$1.16 billion, while loan loss allowances declined quarter on quarter. “Overall, we are not seeing anything in the outlook which causes us to re-think the assessments we made three months ago,” he told reporters.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: