loan growth

The fortunes of big banks are often tied to a country’s GDP growth, so when Singapore’s growth fell off a cliff in 2QFY2020, it was not surprising that the three local banks reported double-digit y-o-y declines in net profits in 2QFY2020 and 1HFY2020.

In a bourse filing on Monday, the group also reported that total income for the quarter grew 13% to a new high of $3.82 billion on the back of  loan growth, record fee income and higher trading gains.

SINGAPORE (Feb 13): Maybank Kim Eng remains positive on the outlook of Singapore’s banking sector, with DBS and United Overseas Bank as its top picks for their gearing towards better net interest margins (NIMs) as well as better dividend-yield visibilit

SINGAPORE (July 19): DBS Vickers Securities expects an “interesting” 2Q18 earnings season with diverging trends across Singapore’s banks as they continue to spend on improving technology infrastructure, with some potential for slight upticks in pers

SINGAPORE (apr 30): DBS Group Holdings, Southeast Asia’s largest lender, delivered a decade-high return that came along with above-expectations quarterly profit. The stock gained over 2%.

SINGAPORE (July 14): RHB is maintaining its “buy” call on DBS Bank at an unchanged target price of $17.30, despite expectations for deteriorating asset quality and loan contractions to take place over 2016-17.

SINGAPORE (July 5): RHB has lowered its target price for United Overseas Bank to $18.85 from $19.10 while maintaining its “neutral” stance on the bank, as it expects loan growth in FY2016 to be 0.5% after Brexit.