, Singapore

Singapore banks to report flattish Q4 22 earnings amidst slow global growth

NIMs will rise but the expansion could decelerate due to higher funding costs.

With slow global growth and interest rate uncertainties, banks will report a flattish set of earnings for the fourth quarter of 2022, CGS-CIMB said. 

The net interest margins are expected to rise further but quarterly expansion may slow down because of higher funding.

Asset quality likely stayed mild in the past quarter due to minimal specific provisions but there may be higher total impairments whilst general provisions (GPs) are buffed up from topping up collateral values of existing NPLs or revising model macroeconomic variables (MEV).

For each bank, DBS is seen to report a net profit of $2.2b and is poised for a special DPS. 

OCBC is expected to post c.$1.63b net profit for the fourth quarter and credit costs likely saw an uptick from MEV adjustments. 

UOB is expected to record c.$1.38b net profit and benefited from the integration of Citi's retail franchise, which gave NIMs a +10bp boost.

Follow the links for more news on

Join Asian Banking & Finance 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!


Bank DBS Indonesia avails fast, reliable and sustainable corporate banking
Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Digibank by DBS sets new digital banking standards
Apart from speed and convenience, DBS stays ahead with exceptional personalisation, open banking, and enhanced security.