, Singapore
498 views

Singapore banks to report flattish Q4 22 earnings amidst slow global growth

NIMs will rise but the expansion could decelerate due to higher funding costs.

With slow global growth and interest rate uncertainties, banks will report a flattish set of earnings for the fourth quarter of 2022, CGS-CIMB said. 

The net interest margins are expected to rise further but quarterly expansion may slow down because of higher funding.

Asset quality likely stayed mild in the past quarter due to minimal specific provisions but there may be higher total impairments whilst general provisions (GPs) are buffed up from topping up collateral values of existing NPLs or revising model macroeconomic variables (MEV).

For each bank, DBS is seen to report a net profit of $2.2b and is poised for a special DPS. 

OCBC is expected to post c.$1.63b net profit for the fourth quarter and credit costs likely saw an uptick from MEV adjustments. 

UOB is expected to record c.$1.38b net profit and benefited from the integration of Citi's retail franchise, which gave NIMs a +10bp boost.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!