You are here

Moody's sees lower S'pore bank profits

Thin margins, lack of scale hinder their benefiting from regional expansion

Increasingly, the trio - DBS Group Holdings, OCBC Bank and United Overseas Bank - are seeing their profit driven by their non-Singapore operationsĀ - PHOTO: REUTERS

THE jury is still out on whether Singapore banks, like their Asian peers, can reap strong benefits from a regional expansion, as issues of margin pressures, higher provisions and a lack of scale are weighed against ambitions to capture strong intra-regional trade flow. This was suggested in a