114 views

Major banks posted NIM expansion and strong growth in Q4 22

These banks delivered higher than expected dividends.

Analyst, UOBKayHian, said DBS, OCBC, and UOB registered strong growth in net interest income in the final quarter of 2022.

The Singapore major banks also maintained a speedy pace of double-digit NIM expansion. 

“DBS, OCBC and UOB registered NIM expansion of 15bp, 25bp and 27bp qoq respectively in 4Q22, although the Fed has toned down the pace of rate hikes to 50bp on 2 Nov 22 and 25bp on 14 Dec 22,” said the analyst.

DBS and OCBC also delivered higher than expected dividends with DBS increasing its quarterly dividend by 17%. 

The US$-denominated loans have contracted while asset quality remained stable, UOBKayHian also said.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!