Our credit view of this issuer reflects its good profitability and strong capital position, against its high exposure to CRE sector, in line with other large Singaporean banks.
Singapore's three largest banks reported record quarterly profit, helped by rises in rates. Yet higher borrowing costs will create challenges for them, such as greater asset risks.
Singapore's three largest banks reported strong results for the first quarter of 2022. They will continue to benefit from recovering economic conditions.
Singapore's three largest banks reported strong results for the third quarter of 2021, and will continue to benefit from improving economic conditions in 2022.
Singapore's three largest banks reported another set of strong results for the second quarter of 2021, with good profitability and strong asset quality, capital and liquidity.
Singapore's three largest banks reported strong results for the first quarter of 2021, with significant improvements in profitability and strong asset quality, capital and liquidity.
Singapore's three largest banks maintain strong solvency, while the economic recovery and ample provisions will lead to lower credit costs in 2021, benefiting profitability.