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
Add BT as a preferred source
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.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Singapore developer in limbo after Timor-Leste scraps major township project
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
