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Singapore banks reported full year results last Friday…..no major surprises in the numbers…….other than DBS CEO’s comment that property prices here could fall 10-15%
By Kevin Scully-Financial Blog  •  February 17, 2014
Singapore banks reported full year results last Friday.....no major surprises in the numbers.......other than DBS CEO's comment that property prices here could fall 10-15% Monday, 17 February, 2014  9:8 AM
Posted by Kevin Scully

 I wont comment on the individual bank's performance and their results that were released last Friday.  I will leave that to our banking analyst.  I was instead looking at a few trends such as:

a) loan deposit ratio

b) net interest margins

c) NPL levels

d) forward looking statements by the CEOs

Their performance 

On a) the Loan/Deposit ratio have held steady between 85-88% - an improvement over the figures in Q3-2013

On b) there was weakness in net interest margins for all the banks - DBS' fell 4.7% to 1.62%,  OCBC's declined by 7.3% to 1.64% and UOB's fell 8% to 1.72%.

All three banks reported ...

...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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