Singapore’s largest lender has recently reported that it expects its net interest margins to decline in the near future. This is due to the current economic environment, which has seen a decrease in interest rates and an increase in competition.
However, the lender is still optimistic about its future prospects, as it believes that there are other growth drivers that will help it to offset the decline in net interest margins. These include the expansion of its customer base, the development of new products and services, and the continued diversification of its portfolio.
The lender is confident that these growth drivers will help to ensure that its business remains profitable and sustainable in the long term.
Exploring Other Growth Opportunities
The lender is actively exploring other growth opportunities, such as digital banking and other technology-driven initiatives. It is also looking to expand its customer base, by offering more competitive rates and services.
In addition, the lender is looking to diversify its portfolio by investing in different asset classes, such as real estate and equities. This will help to reduce the risk associated with its core business and ensure that it remains profitable over the long term.
Overall, the lender is confident that its strategy of diversifying its portfolio and exploring other growth opportunities will help to ensure that it remains profitable and sustainable in the long term.
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