Sensitivity analysis by DBS indicates that the latest SIBOR rise, if sustained, will lift the NIM earnings for UOB and OCBC by 1% and 2% respectively.
SINGAPORE (Jan 5): DBS Group Research says expectations for the 4Q17 results season are high after Singapore’s 4Q GDP flash estimates rose at a seasonally adjusted annualised rate of 2.8% q-o-q to beat consensus estimates.
Over the past one week, Singapore’s three-month SIBOR jumped 25bps to 1.501% while the 12-month SIBOR jumped 29bps to 1.73%. DBS's interest rates strategist sees 3M SIBOR rising further to 2.15% by end 2018.
