They also see upsides to net interest margins during a Trump 2.0 presidency, as expected inflationary policies may result in higher interest rates
SINGAPORE banks are optimistic about their earnings outlook moving into 2025, after yet another set of record quarterly earnings for the third quarter ended September 2024.
They also see upsides to net interest margins (NIMs) during Donald Trump’s second term as US president, given that markets expect inflationary policies that may result in higher interest rates.
DBS expects that pre-tax profits for 2025 will be around 2024 levels, with slight declines in NIMs mostly offset by loan growth, and commercial book non-interest income growth in the high single digits.
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