Coronavirus pandemic will likely end the strong profit growth in Singapore banks

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Coronavirus pandemic will likely end the strong profit growth in Singapore banks
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Singapore's three largest banks are scheduled to release first-quarter earnings in the coming days, starting with DBS on Thursday.

— and economists predict that the following three months will likely be worse.

"Non-interest income may see growth in trading related segments, but wealth management, credit card fees may likely be softer," he added.In addition to the first-quarter earnings, investors will be looking out for the banks' guidance on where things are headed in the coming months, particularly the impact from the crash in oil prices.

The three Singapore-listed banks are among the 23 that Hin Leong owes money to, with various media and analysts reports saying the banks' respective exposure is:But some analysts said that compared to a few years ago, troubles in the oil and gas sector is not as big an issue this time.causing bad debt in the three banks to rise

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