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
...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 ...