The Business Times
business-time-50
SUBSCRIBERS

Singapore banks to report weaker Q1 earnings amid market volatility and lower risk appetites

google-preferred-sourceAdd BT as a preferred source
Kelly Ng

Kelly Ng

Published Mon, Apr 25, 2022 · 05:50 AM
    • SINGAPORE banks are expected to report weaker first quarter earnings from a year ago, as wealth and treasury income are weighed down by investors’ risk-off sentiment amid market volatility.
    • SINGAPORE banks are expected to report weaker first quarter earnings from a year ago, as wealth and treasury income are weighed down by investors’ risk-off sentiment amid market volatility. Bloomberg

    SINGAPORE banks are expected to report weaker first quarter earnings from a year ago, as wealth and treasury income are weighed down by investors’ risk-off sentiment amid market volatility.

    Analysts forecast that profits will come off by 15 per cent to 20 per cent across the sector from record earnings in Q1 2021, when the trio of lenders had benefited from robust wealth management fees and lower provisions.

    On Apr 29, Singapore’s 3 listed banks – DBS, OCBC and UOB – are expected to report their earnings for the quarter ended Mar 31.

    Singapore banksFinancial resultsUOBDBSOCBC

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Tan Teck Long, OCBC group CEO, says HSBC's portfolio is "very clean" and largely made up of deposits and assets under management.

    OCBC’s Indonesia deal a ‘perfect fit’ for Asean wealth ambitions, says CEO, as Q1 profit beats estimates

    The Court of Appeal found the seller's conduct serious enough to justify a much higher award than the High Court had granted.

    Singapore Instagram seller must pay Louis Vuitton S$510,000 in damages over counterfeit goods case

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More