Inflation may check rebounding Singapore bank profits

Reuters, 4 May 2010
SINGAPORE, May 4 (Reuters) - Singapore banks are mostly set to post double-digit rises in quarterly earnings as loans grew and bad debts declined, but rising inflationary pressures are raising medium-term concerns that higher rates may squeeze margins.
The city-state's banks are benefiting from a strong recovery in the domestic economy, which is projected to expand as much as 9 percent this year, its best annual performance since 2004. Singapore's economy shrank 2 percent last year. Full Story