CGS-CIMB expects high NIM rates to lift banks’ earnings in the 3QFY2022
Amid the higher interest rate environment and ahead of the three Singapore banks’ results for the 3QFY2022 ended Sept 30, analysts are expecting expansions in net interest margins (NIMs) to boost the results of all three banks during the quarter.
United Overseas Bank (UOB) will lead the trio with its results released on the morning of Oct 28. DBS Group Holdings will follow suit on Nov 3 while Oversea-Chinese Banking Corporation (OCBC) will round up the trio’s results on Nov 4.
