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Chart of the Day: Take a look at the NIMs of Singapore's big three banks
Their combined income hit $24.2b in September.
This chart from the Singapore Exchange (SGX) shows that UOB saw the highest net interest margin (NIM) for FY 2017 as it hit 1.77%. This was followed by DBS and OCBC with NIMs standing at 1.75% and 1.65%, respectively.
In terms of their 9M FY19 NIM, an average increase of 8 bps was recorded from 1.71% in 9MFY17 to 1.79%.
DBS saw the highest NIM of 1.85% in 9M FY19, followed by UOB (1.83%), and OCBC (1.69%).
As of September, Singapore’s big three banks saw an average 25% YoY growth in net profit. In total, their income hit $24.2b up from $22.1b a year ago.
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