Thinner interest margins, worsening assets, slowing loans weighing on Singapore banks

Singapore

SINGAPORE banks are likely to continue seeing compressed net interest margins (NIMs), deteriorating asset quality and slowing loan growth, all of which they experienced in the third quarter this year.

This is according to a Tuesday report by Fitch Ratings, which noted that the earnings of DBS Group Holdings, OCBC Bank and United Overseas Bank (UOB) may have peaked in this cycle.