Chart of the Day: Check out this comparison of Singaporean banks' net interest margin

NIMs for UOB, OCBC dipped 6bp.

According to CIMB, there was divergence in the banks‟ margin guidance. DBS thinks its NIMs (+2bp in 1Q) can stay stable, with perhaps pressure on funding costs in the region weighing down margins. 

CIMB said that NIMs for UOB and OCBC were down 6bp. Both blamed it on lagged mortgage re-pricing. OCBC said that 40% of its margin squeeze derived from this and guided that the pressure could persist in future quarters.

"UOB said lagged mortgage re-pricing contributed to 30% of its margin squeeze, with the rest of it attributed to low spreads for 1Q‟s incoming chunky loan deals," CIMB said.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley