Bulletin: Singapore Banks' Solid Results Provide A Buffer Against Hit To Noninterest Income - S&P Global Ratings’ Credit Research

Bulletin: Singapore Banks' Solid Results Provide A Buffer Against Hit To Noninterest Income

Bulletin: Singapore Banks' Solid Results Provide A Buffer Against Hit To Noninterest Income - S&P Global Ratings’ Credit Research
Bulletin: Singapore Banks' Solid Results Provide A Buffer Against Hit To Noninterest Income
Published Feb 24, 2019
3 pages (1276 words) — Published Feb 24, 2019
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Abstract:

SINGAPORE (S&P Global Ratings) Feb. 25, 2019--S&P Global Ratings today said that Singapore-based banks' solid financial strength and improving profitability position them well against a hit to their 2018 noninterest income due to volatility in global capital markets. All three local Singapore banks--DBS Bank Ltd. (DBS; AA-/Stable/A-1), Oversea-Chinese Banking Corp. Ltd. (OCBC; AA-/Stable/A-1) and United Overseas Bank Ltd. (UOB; AA-/Stable/A-1)--registered double digit net profit growth for their 2018 annual results on the back of visibly improving net interest margins across major operating markets, robust demand for loans, and resilient fee income businesses. On the other hand, capital market-related revenue, such as treasury, trading, and investment banking, suffered due to volatile global market conditions and slumping investor confidence. Trading income and

  
Brief Excerpt:

...SINGAPORE (S&P Global Ratings) Feb. 25, 2019--S&P Global Ratings today said that Singapore-based banks' solid financial strength and improving profitability position them well against a hit to their 2018 noninterest income due to volatility in global capital markets. All three local Singapore banks--DBS Bank Ltd. (DBS; ##-/Stable/A-1), Oversea-Chinese Banking Corp. Ltd. (OCBC; ##-/Stable/A-1) and United Overseas Bank Ltd. (UOB; ##-/Stable/A-1)--registered double digit net profit growth for their 2018 annual results on the back of visibly improving net interest margins across major operating markets, robust demand for loans, and resilient fee income businesses. On the other hand, capital market-related revenue, such as treasury, trading, and investment banking, suffered due to volatile global market conditions and slumping investor confidence. Trading income and investment banking fee income at DBS registered 0.4% growth and a 56% contraction year on year, respectively, while trading income...

  
Report Type:

Bulletin

Ticker
1471Z@SP
Issuer
DBS Bank Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Singapore
Region
Latin America
Format:
PDF Adobe Acrobat
Buy Now

DBS Bank Ltd. – 2019/05/30 – US$ 500.00

DBS Bank Ltd. – 2019/11/21 – US$ 500.00

DBS Bank Ltd. – 2020/07/16 – US$ 500.00

DBS Bank Ltd. – 2021/01/29 – US$ 500.00

DBS Bank Ltd. – 2018/11/27 – US$ 500.00

Summary: DBS Bank Ltd. – 2018/11/27 – US$ 225.00

DBS Bank Ltd. – 2018/05/31 – US$ 500.00

Summary: DBS Bank Ltd. – 2018/05/31 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Singapore Banks' Solid Results Provide A Buffer Against Hit To Noninterest Income" Feb 24, 2019. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Singapore-Banks-Solid-Results-Provide-A-Buffer-Against-Hit-To-Noninterest-Income-2171336>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Singapore Banks' Solid Results Provide A Buffer Against Hit To Noninterest Income Feb 24, 2019. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Singapore-Banks-Solid-Results-Provide-A-Buffer-Against-Hit-To-Noninterest-Income-2171336>
  
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