“Previous guidance from our local banks has laid the ground for their net interest income (NII) portion to benefit from the rising interest rate environment, with DBS the clear forerunner in being the most sensitive to rate increases,” Yeap writes in his report dated Feb 3.
Singapore’s three banks, DBS Group Holdings, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) may see yet another quarter of expansion in their net interest margins (NIMs) in the 4QFY2022 ended December, says IG Asia’s market strategist Yeap Jun Rong ahead of the banks' results reporting for the 4QFY2022 and FY2022.
DBS will be the first to do so on Feb 13, to be followed by UOB will follow on Feb 23 while OCBC will round up the trio on Feb 24.
