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Singapore banks optimistic about earnings, capital returns amid yet another quarterly results beat

They also see upsides to net interest margins during a Trump 2.0 presidency, as expected inflationary policies may result in higher interest rates

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Tan Nai Lun

Tan Nai Lun

Published Thu, Nov 14, 2024 · 05:00 AM
    • Having applied new international standards for capital requirements under Basel IV, the three banks currently have CET-1 ratios above regulatory and historical levels, leaving room to return capital to shareholders.
    • Having applied new international standards for capital requirements under Basel IV, the three banks currently have CET-1 ratios above regulatory and historical levels, leaving room to return capital to shareholders. PHOTO: BT FILE

    SINGAPORE banks are optimistic about their earnings outlook moving into 2025, after yet another set of record quarterly earnings for the third quarter ended September 2024.

    They also see upsides to net interest margins (NIMs) during Donald Trump’s second term as US president, given that markets expect inflationary policies that may result in higher interest rates.

    DBS expects that pre-tax profits for 2025 will be around 2024 levels, with slight declines in NIMs mostly offset by loan growth, and commercial book non-interest income growth in the high single digits.

    Singapore banksOCBCDBSUOBFinancial results

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