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Singapore banks optimistic on global economic recovery, rate hikes

Latest results show growth in both customer loans and deposits, as well as higher CASA ratios; analysts forecasting better NIMs this year

    Published Wed, Feb 23, 2022 · 09:50 PM
    Local banks results

    Singapore

    SINGAPORE banks are sounding an optimistic note heading into 2022, with the global economic recovery and interest rates hikes among the bright spots.

    Their latest results also show growth in both customer loans and deposits, as well as higher CASA (current account and savings account) ratios, so analysts are forecasting better net interest margins (NIMs) this year.

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