$DBS Group Holdings (D05.SG)$ For those who worried lower in...
$DBS Group Holdings (D05.SG)$ For those who worried lower interest rate would hurt DBS earnings, management has provide more context.
"DBS - Net Interest Income Sensitivity Reduced to S$4 Million per Basis Point of US Fed Funds Rate"
"DBS - Net Interest Income Sensitivity Reduced to S$4 Million per Basis Point of US Fed Funds Rate"
So if interest lower to 4% next year, it would wipe off about 500mil from DBS income or 125m per quarter. Should be easily covered by increase in loan amount due to lower interest rate and increase in non-interest fee.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
陈文强 : Interest rates on deposits have also been lowered; it's not the same
R and R OP 陈文强 : Don't understand what you are trying to say
世 界 和 平 : But it can also be said that bank costs have also been reduced.