Wealth business seen boosting earnings prospects for Singaporean banks

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Singaporean banks are likely to see strong revenue from wealth business bolstering their profits this year, with improving economic prospects also expected to cushion the impact on their interest margins hovering near record lows, analysts say.

FILE PHOTO: An aerial view shows commercial and residential buildings in central Singapore, June 22, 2019. REUTERS/Loriene Perera

“Relative strength in wealth management should offset weakness in cards and loan-related fees for the past quarter,” said Krishna Guha, an analyst at Jefferies, referring to the Singaporean lenders. The banks’ net interest margins are expected to remain near record lows or dip slightly to between 1.5% to 1.54% in the fourth quarter, according to Refinitiv data, as demand for loans from corporates remained sluggish due to the pandemic.

“As it stands, banks have been relying on wealth and treasury segments to offset net interest income reduction,” CIMB said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

변태적요소---인류의 미래의 모습--는 없을듯 인류의 미래의 모습--에서는 --인류란 모든생명체에서 지존이지요--스스로 갈고 닦는 모습--정도의 차아 트랜스 젠더---Bbf의 화장실(덴마크 패치발행국)--발통가격은 꼭 내세요--꼭 정품을 쓰세요 뒤에 계속

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:

 /  🏆 2. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines