Reported about 7 hours ago
Singaporean banks are expected to report stronger profits for Q4, attributed to robust interest and fee incomes. However, analysts warn that U.S. trade tariffs under Trump could negatively impact growth in 2025, creating risks for loan demand and potential increases in provisions for bad debts. Despite this, the banks have benefitted from political stability and higher interest rates, with forecasts suggesting notable profit increases for major lenders like DBS, OCBC, and UOB.
Source: YAHOO