<p>在全球金融不断变化的格局中，新加坡的银行业作为稳定和韧性的堡垒屹立不倒。随着世界面临经济波动和地缘政治紧张局势，狮城的银行不仅经受住了风暴，还变得更加强大，信用成本稳定，盈利能力韧性十足。这不仅是对其金融智慧的证明，也是其战略前瞻性和道德治理的体现。</p>
<p>最近的报告强调了这种稳定性，指出新加坡银行在年初表现强劲，超越了东盟同行。该行业的防御性特征和吸引人的股息收益率继续吸引投资者，即使其他市场表现不佳。这不是短暂的趋势，而是优先考虑长期可持续性而非短期收益的精心制定的战略的结果。</p>
<p><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a5a6bb9e3d38001.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a5a6bb9e3d38001.png"/></p>
<p>2024 年第四季度的业绩符合预期，环比盈利下降主要是由于季节性因素和 2024 年第三季度较高的非利息收入（Non-II）基数。尽管税前利润（PIOP）环比下降 16%，但税后利润和少数股东权益（PATMI）仍同比增长 8%。这种韧性与其他市场的波动形成鲜明对比，后者在经济逆风中难以维持盈利能力。</p>
<p>新加坡银行的稳定性进一步得到其资本回报计划的支持。DBS、UOB 和 OCBC 分别公布了在未来 2-3 年内通过股息和股票回购计划回报 80 亿、30 亿和 25 亿美元的雄心勃勃的计划。这不仅增强了投资者信心，也强调了银行对回报股东价值的承诺。这清楚地提醒我们，在一个企业贪婪常常压倒道德治理的世界里，新加坡的银行正在以身作则。</p>
<p>展望未来，穆迪预测 2025 年贷款增长将达到中到高个位数，得益于强劲的手续费收入和有限的降息。这一增长不仅对银行的底线是个好消息，也证明了它们在应对挑战性经济环境中的能力。非利息收入来源的强劲表现，包括财富管理、信用卡费用和与贷款相关的收费，帮助维持了盈利能力，即使贷款利差收窄。</p>
<p>然而，前方的道路并非没有挑战。大中华区的房地产相关风险可能构成重大障碍，房地产贷款占总贷款的 26-29%。银行管理这些风险的能力将对其持续增长轨迹至关重要。但鉴于它们的过往表现，有理由相信它们能够妥善应对这些挑战。</p>
<p>总之，新加坡的银行不仅在经受风暴，还在全球银行业中树立了新的稳定和韧性标准。它们对道德治理、战略前瞻性和长期可持续性的承诺在一个企业贪婪常常压倒道德考量的世界中成为希望的灯塔。展望未来，显然新加坡的银行不仅在引领潮流，还在为一个更加稳定和韧性的全球金融体系铺平道路。</p>

星展集团控股

大华银行

华侨银行

<p>新加坡的银行业在全球经济波动中被视为一个稳定的力量，其盈利能力和信用成本的稳定性使其在东盟同行中表现优异。最近的一份报告显示，尽管环比下降 16%，但 2024 年第四季度的税后利润同比增长 8%。主要银行如星展银行、华侨银行和大华银行计划向股东返还大量资本，以增强投资者信心。穆迪预测 2025 年贷款增长将达到中到高个位数，尽管大中华区的房地产相关风险仍然存在挑战。总体而言，新加坡的银行在金融领域展现了道德治理和长期可持续性</p>

<p>In the ever-shifting landscape of global finance, Singapore's banking sector stands as a bastion of stability and resilience. As the world grapples with economic volatility and geopolitical tensions, the Lion City's banks have not only weathered the storm but have also emerged stronger, with stable credit costs and resilient earnings. This is not just a testament to their financial acumen but also a reflection of their strategic foresight and ethical governance.</p>
<div class="lb-trans"><p>在全球金融不断变化的格局中，新加坡的银行业作为稳定和韧性的堡垒屹立不倒。随着世界面临经济波动和地缘政治紧张局势，狮城的银行不仅经受住了风暴，还变得更加强大，信用成本稳定，盈利能力韧性十足。这不仅是对其金融智慧的证明，也是其战略前瞻性和道德治理的体现。</p>
</div><p>The recent report by rhb underscores this stability, highlighting that Singapore banks have had a strong start to the year, outperforming their ASEAN peers. The sector's defensive nature and attractive dividend yields have continued to attract investors, even as other markets falter. This is not a fleeting trend but a result of a well-crafted strategy that prioritizes long-term sustainability over short-term gains.</p>
<div class="lb-trans"><p>最近的报告强调了这种稳定性，指出新加坡银行在年初表现强劲，超越了东盟同行。该行业的防御性特征和吸引人的股息收益率继续吸引投资者，即使其他市场表现不佳。这不是短暂的趋势，而是优先考虑长期可持续性而非短期收益的精心制定的战略的结果。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a5a6bb9e3d38001.png" alt="" original-src="https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a5a6bb9e3d38001.png"/></p>
<p>The 4Q24 results were in line with expectations, with weaker sequential earnings largely due to seasonality and an elevated non-interest income (Non-II) base from 3Q24. Despite a 16% QoQ drop in profit before tax (PIOP), profit after tax and minority interest (PATMI) still grew 8% YoY. This resilience is a stark contrast to the volatility seen in other markets, where banks have struggled to maintain profitability in the face of economic headwinds.</p>
<div class="lb-trans"><p>2024 年第四季度的业绩符合预期，环比盈利下降主要是由于季节性因素和 2024 年第三季度较高的非利息收入（Non-II）基数。尽管税前利润（PIOP）环比下降 16%，但税后利润和少数股东权益（PATMI）仍同比增长 8%。这种韧性与其他市场的波动形成鲜明对比，后者在经济逆风中难以维持盈利能力。</p>
</div><p>The stability of Singapore banks is further bolstered by their capital return plans. DBS, UOB, and ocbc have unveiled ambitious plans to return $8b, $3b, and $2.5b respectively over the next 2-3 years via a mix of dividends and share buybacks. This not only reinforces investor confidence but also underscores the banks' commitment to returning value to shareholders. It's a stark reminder that in a world where corporate greed often trumps ethical governance, Singapore's banks are leading by example.</p>
<div class="lb-trans"><p>新加坡银行的稳定性进一步得到其资本回报计划的支持。DBS、UOB 和 OCBC 分别公布了在未来 2-3 年内通过股息和股票回购计划回报 80 亿、30 亿和 25 亿美元的雄心勃勃的计划。这不仅增强了投资者信心，也强调了银行对回报股东价值的承诺。这清楚地提醒我们，在一个企业贪婪常常压倒道德治理的世界里，新加坡的银行正在以身作则。</p>
</div><p>Looking ahead, Moody’s forecasts mid- to high-single-digit loan growth for 2025, supported by robust fee income and limited rate cuts. This growth is not just a boon for the banks' bottom line but also a testament to their ability to navigate a challenging economic landscape. The strength of non-interest income sources, including wealth management, credit card fees, and loan-related charges, has helped sustain profitability even as lending margins narrow.</p>
<div class="lb-trans"><p>展望未来，穆迪预测 2025 年贷款增长将达到中到高个位数，得益于强劲的手续费收入和有限的降息。这一增长不仅对银行的底线是个好消息，也证明了它们在应对挑战性经济环境中的能力。非利息收入来源的强劲表现，包括财富管理、信用卡费用和与贷款相关的收费，帮助维持了盈利能力，即使贷款利差收窄。</p>
</div><p>However, the road ahead is not without its challenges. Property-related risks in Greater China could pose significant hurdles, with real estate loans accounting for 26-29% of total gross loans. The banks' ability to manage these risks will be crucial in sustaining their growth trajectory. But given their track record, there's reason to believe that they are well-equipped to handle these challenges.</p>
<div class="lb-trans"><p>然而，前方的道路并非没有挑战。大中华区的房地产相关风险可能构成重大障碍，房地产贷款占总贷款的 26-29%。银行管理这些风险的能力将对其持续增长轨迹至关重要。但鉴于它们的过往表现，有理由相信它们能够妥善应对这些挑战。</p>
</div><p>In conclusion, Singapore's banks are not just weathering the storm but are also setting a new standard for stability and resilience in the global banking sector. Their commitment to ethical governance, strategic foresight, and long-term sustainability is a beacon of hope in a world where corporate greed often trumps ethical considerations. As we look to the future, it's clear that Singapore's banks are not just leading the way but are also paving the path for a more stable and resilient global financial system.</p>
<div class="lb-trans"><p>总之，新加坡的银行不仅在经受风暴，还在全球银行业中树立了新的稳定和韧性标准。它们对道德治理、战略前瞻性和长期可持续性的承诺在一个企业贪婪常常压倒道德考量的世界中成为希望的灯塔。展望未来，显然新加坡的银行不仅在引领潮流，还在为一个更加稳定和韧性的全球金融体系铺平道路。</p>
</div>

新加坡银行：不确定性海洋中的稳定灯塔