I think so.
Also the earnings reports from US banks like $JPMorgan Chase(JPM)$$Bank of America(BAC)$have shown the growth of NII due to rising interest rates.
DBS has the best leverage on its huge CASA base. Its NII growth is a sure bet.
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But the underlining math is simple and the banks like DBS is going to see big spike in NII due to higher interest rates.
We have seen similar results in JPM BofA last week, we see it highlightedin DB StandChart results...so I am very sure that we'll see the similar reports in SG banks.
Also:
$OVERSEA-CHINESE BANKING CORP(O39.SI)$ $UNITED OVERSEAS BANK LIMITED(U11.SI)$
But the underlining math is simple and the banks like DBS is going to see big spike in NII due to higher interest rates.
We have seen similar results in JPM BofA last week, we see it highlightedin DB StandChart results...so I am very sure that we'll see the similar reports in SG banks.
Also:
$OVERSEA-CHINESE BANKING CORP(O39.SI)$ $UNITED OVERSEAS BANK LIMITED(U11.SI)$
Ok
K