OCBC to re-price mortgages for gradual margin lift
Q2 earnings beat forecasts, rising 16 per cent to S$1.21 billion as net interest income rose 8 per cent to S$1.45 billion
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
OCBC expects to re-price parts of its Singapore mortgage book in the second half of the year, a move that should lift its net interest margin (NIM) gradually. This comes as its expansion in NIM in the second quarter was smaller than its two banking peers.
Rate movements are in particular focus this season, as analysts have been bullish on banks on hopes that lenders can make a bigger margin during this period of rate normalisation.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
