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BANK EARNINGS
Singapore banks cautious about H1 with outbreak hitting customers
About 10% of their total loan portfolio exposed to sectors hit by Covid-19; 2019 earnings meet or surpass expectations
The three banks - DBS, OCBC and UOB - grew their top and bottom lines for 2019 and raised their dividend payouts from a year ago.
PHOTO: AFP
Singapore
SWEPT into fresh uncertainty from the virus outbreak, Singapore banks are cautious over the next three to six months, given that about 10 per cent of their total loan portfolio is seen to be exposed to vulnerable sectors for now.
The trio wrapped up the full-year 2019...
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