Net interest income (NII) for FY2022 increased by 3% to $60.8 million as NIM widened to 2.19%. The rise in loan yield outpaced the increase in cost of deposit, the company says in a results filing.
Sing Investments & Finance (SGX:S35
) (SIF) has reported record profit for the second consecutive year, with net profit after tax growing 18% y-o-y to $37.2 million in FY2022.
This was driven by write-back from loan recovery, net interest margin (NIM) expansion and record lending volume.
