She adds that this is attributed to the gentler sequential decline in the three-month Singapore overnight rate average (Sora) overnight index swap (OIS), coupled with the ongoing repricing of the banks’ flagship current accounts, wholesale, as well as fixed deposits.
Lim Rui Wen of DBS Group Research believes the decline in net interest margins (NIMs) for Singapore banks should be abating.
Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) are likely to report q-o-q NIM improvements in the 4QFY2025 ended Dec 31, Lim writes.
