The three largest banks in Southeast Asia warn of the opposite winds of the macroeconomic after a quarter of mixed

DBSThe largest bank in Southeast Asia, provided a good quarter. On Thursday, the bank told profits of $ 2.82 billion in Singapore ($ 2.2 billion) for the quarter ending in June 2025, an increase of 1 % on an annual basis, which won unanimity estimates. Strong lending and lending fees paid a total DBS income by 5 % on an annual basis, amounted to $ 5.8 billion Singapore ($ 4.47 billion).

After his colleagues, Singapore UOBWhich issued its quarterly results on the same day, recorded a 6 % decrease in a quarterly profit of $ 1.34 billion ($ 1.04 billion) with a net interest income.

OCBCAnd last week, its quarterly profits decreased by 6 % to 2.34 billion Singapore ($ 1.82 billion). As with UOB, the low net benefits income weighs on the performance of OCBC.

Three banks, Elderly Through the revenues in Southeast Asia, it is not only wrestling with low interest rates, but also a warning of a more nadless economic view.

in statementUOB Wee Ee Cheong CEO of Southeast Asian prospects in the long run despite global polarization. UOB has the largest exposure to Southeast Asia among the three main Singaporean banks.

“With the transfers of the global scene towards the global multiple system, ASEAN continues to show flexible growth. With regional integration, diversification of trade and high foreign direct investment, Aseyan is in a good position to flourish in the advanced global economy,” Wei said in the statement.

However, UOB CEO also warned that the new US tariff may reduce consumer morale and investment activity.

Helen Wong, CEO of outgoing OCBC also High The difficult macroeconomic expectations in its profit statement last week. She said, “It is expected that advanced trade and monetary policies and the ongoing geopolitical tensions will affect the prospects of growth.”

The CEO of DBS Tan Su Shaan, spoke after its first quarter as a new executive of the bank, Recognized “External Unemployment”, although “Pre -Administration” of the public budget will help DBS to navigate in the interest rate cycle.

Definitions and interest rates

The interest rates that started in 2021 are now accelerating. The Federal Reserve in the United States has reduced percentage rates during the second half of 2024, and can reduce prices more weak Labor growth in the United States

The European Union and China began mitigating their monetary policies last year. The monetary authority in Singapore, the city’s central bank, too Ease Its monetary policy earlier this year.

Banks benefit from high interest rates by earning more on loans and attracting additional deposits.

In addition to low interest rates, the three banks in Singapore must mobilize in the upper US definitions. The new definitions of Trump on American commercial partners enter into force today. Singapore escaped from new taxes, with her exports only Get The baseline is 10 % tariffs on all exports related to the United States.

However, the neighboring Singapore economies have become much worse. Southeast Asia’s economies such as Thailand, Indonesia and Vietnam got a tariff of about 19-20 %.

Other Asian economies have become worse. China, a major market for both DBS and OCBC, faces a 55 % American tariff, although some of these taxes are temporarily suspended to allow commercial negotiations. India, another targeted market for DBS, too Faces A sharp tariff of 50 %.

Although customs tariffs will not directly affect DBS, UOB or OCBC, the broader economic slowdown by customs tariffs will reduce consumer morale and investment activity, reducing job opportunities for the banking banking sector in Singapore.