Oversea-Chinese Banking Corp has the most upbeat forecast of $1.84 billion for 3QFY2023 ended September compared to $1.71 billion in 2QFY2023 and $1.60 billion in 3QFY2022. It is the only bank likely to show q-o-q and y-o-y growth.
While investors and analysts are likely to pour over the local banks’ granular metrics such as their ECLs (expected credit losses), NPLs (non-performing loans), net interest income (NII), non-interest income, cost-to-income ratio, CET1 (common equity tier 1) ratio, NIMs (net interest margins) and Pillar 3 reports, the first glance is often on the net profit figure.
Based on analysts’ earnings estimates compiled by Bloomberg, DBS Group Holdings is forecast to announce a net profit of $2.41 billion in 3QFY2023 ended September versus $2.69 billion in 2QFY2023 and $2.236 billion in 3QFY2022.
