Singapore banks to still benefit from higher rates, AUM deployment in 2025

SINGAPORE banks will likely post earnings growth in 2025, led by higher-for-longer rates and a strong wealth management business, analysts said.

While the growth may be slower than previous years’, analysts expect that the banks’ clear dividend policies should keep them attractive to investors.

The banks had a strong showing in 2024, as higher-for-longer rates and growth in non-interest income boosted earnings to record highs.