<p>在全球金融不斷變化的格局中，新加坡的銀行業作為穩定和韌性的堡壘屹立不倒。隨着世界面臨經濟波動和地緣政治緊張局勢，獅城的銀行不僅經受住了風暴，還變得更加強大，信用成本穩定，盈利能力韌性十足。這不僅是對其金融智慧的證明，也是其戰略前瞻性和道德治理的體現。</p>
<p>最近的報告強調了這種穩定性，指出新加坡銀行在年初表現強勁，超越了東盟同行。該行業的防禦性特徵和吸引人的股息收益率繼續吸引投資者，即使其他市場表現不佳。這不是短暫的趨勢，而是優先考慮長期可持續性而非短期收益的精心制定的戰略的結果。</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 年第四季度的業績符合預期，環比盈利下降主要是由於季節性因素和 2024 年第三季度較高的非利息收入（Non-II）基數。儘管税前利潤（PIOP）環比下降 16%，但税後利潤和少數股東權益（PATMI）仍同比增長 8%。這種韌性與其他市場的波動形成鮮明對比，後者在經濟逆風中難以維持盈利能力。</p>
<p>新加坡銀行的穩定性進一步得到其資本回報計劃的支持。DBS、UOB 和 OCBC 分別公佈了在未來 2-3 年內通過股息和股票回購計劃回報 80 億、30 億和 25 億美元的雄心勃勃的計劃。這不僅增強了投資者信心，也強調了銀行對回報股東價值的承諾。這清楚地提醒我們，在一個企業貪婪常常壓倒道德治理的世界裏，新加坡的銀行正在以身作則。</p>
<p>展望未來，穆迪預測 2025 年貸款增長將達到中到高個位數，得益於強勁的手續費收入和有限的降息。這一增長不僅對銀行的底線是個好消息，也證明了它們在應對挑戰性經濟環境中的能力。非利息收入來源的強勁表現，包括財富管理、信用卡費用和與貸款相關的收費，幫助維持了盈利能力，即使貸款利差收窄。</p>
<p>然而，前方的道路並非沒有挑戰。大中華區的房地產相關風險可能構成重大障礙，房地產貸款佔總貸款的 26-29%。銀行管理這些風險的能力將對其持續增長軌跡至關重要。但鑑於它們的過往表現，有理由相信它們能夠妥善應對這些挑戰。</p>
<p>總之，新加坡的銀行不僅在經受風暴，還在全球銀行業中樹立了新的穩定和韌性標準。它們對道德治理、戰略前瞻性和長期可持續性的承諾在一個企業貪婪常常壓倒道德考量的世界中成為希望的燈塔。展望未來，顯然新加坡的銀行不僅在引領潮流，還在為一個更加穩定和韌性的全球金融體系鋪平道路。</p>

星展集團控股

大華銀行

華僑銀行

<p>新加坡的銀行業在全球經濟波動中被視為一個穩定的力量，其盈利能力和信用成本的穩定性使其在東盟同行中表現優異。最近的一份報告顯示，儘管環比下降 16%，但 2024 年第四季度的税後利潤同比增長 8%。主要銀行如星展銀行、華僑銀行和大華銀行計劃向股東返還大量資本，以增強投資者信心。穆迪預測 2025 年貸款增長將達到中到高個位數，儘管大中華區的房地產相關風險仍然存在挑戰。總體而言，新加坡的銀行在金融領域展現了道德治理和長期可持續性</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>在全球金融不斷變化的格局中，新加坡的銀行業作為穩定和韌性的堡壘屹立不倒。隨着世界面臨經濟波動和地緣政治緊張局勢，獅城的銀行不僅經受住了風暴，還變得更加強大，信用成本穩定，盈利能力韌性十足。這不僅是對其金融智慧的證明，也是其戰略前瞻性和道德治理的體現。</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>最近的報告強調了這種穩定性，指出新加坡銀行在年初表現強勁，超越了東盟同行。該行業的防禦性特徵和吸引人的股息收益率繼續吸引投資者，即使其他市場表現不佳。這不是短暫的趨勢，而是優先考慮長期可持續性而非短期收益的精心制定的戰略的結果。</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 年第四季度的業績符合預期，環比盈利下降主要是由於季節性因素和 2024 年第三季度較高的非利息收入（Non-II）基數。儘管税前利潤（PIOP）環比下降 16%，但税後利潤和少數股東權益（PATMI）仍同比增長 8%。這種韌性與其他市場的波動形成鮮明對比，後者在經濟逆風中難以維持盈利能力。</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>新加坡銀行的穩定性進一步得到其資本回報計劃的支持。DBS、UOB 和 OCBC 分別公佈了在未來 2-3 年內通過股息和股票回購計劃回報 80 億、30 億和 25 億美元的雄心勃勃的計劃。這不僅增強了投資者信心，也強調了銀行對回報股東價值的承諾。這清楚地提醒我們，在一個企業貪婪常常壓倒道德治理的世界裏，新加坡的銀行正在以身作則。</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>展望未來，穆迪預測 2025 年貸款增長將達到中到高個位數，得益於強勁的手續費收入和有限的降息。這一增長不僅對銀行的底線是個好消息，也證明了它們在應對挑戰性經濟環境中的能力。非利息收入來源的強勁表現，包括財富管理、信用卡費用和與貸款相關的收費，幫助維持了盈利能力，即使貸款利差收窄。</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，前方的道路並非沒有挑戰。大中華區的房地產相關風險可能構成重大障礙，房地產貸款佔總貸款的 26-29%。銀行管理這些風險的能力將對其持續增長軌跡至關重要。但鑑於它們的過往表現，有理由相信它們能夠妥善應對這些挑戰。</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>總之，新加坡的銀行不僅在經受風暴，還在全球銀行業中樹立了新的穩定和韌性標準。它們對道德治理、戰略前瞻性和長期可持續性的承諾在一個企業貪婪常常壓倒道德考量的世界中成為希望的燈塔。展望未來，顯然新加坡的銀行不僅在引領潮流，還在為一個更加穩定和韌性的全球金融體系鋪平道路。</p>
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新加坡銀行：不確定性海洋中的穩定燈塔