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Corporate: DBS, OCBC, UOB see little margin boost from US Fed hike as Sibor languishes

Feb 27, 2017 - The Edge Singapore

The end of the US Federal Reserve's ultra-loose monetary policy was supposed to lift local interest rates and boost net interest margins (NIMs) at DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank. But the benchmark Singapore Interbank Offered Rate (Sibor) and the Swap Offer Rate (SOR) have not risen as much as market watchers expected. That is partly because of tepid demand for credit, and partly a reflection of shifts in foreign-exchange markets. Still, top officials at...