Singapore Banks Should Benefit From Haven Flows Amid Iran War -- Market Talk
Dow Jones03-23
0237 GMT - Singaporean banks and nonbank financial institutions should benefit from higher safe-haven flows, especially from Middle Eastern wealth centers, amid the Iran conflict, Maybank analysts say in a report. This may boost their wealth management fees and could push up their 1Q net interest income. Wealth-management platform iFAST's topline growth, for instance, may be supported by gains in assets under administration and deposits at its U.K. banking unit, Maybank says. A prolonged war, however, may slow global growth and weigh on credit demand, it says. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 22, 2026 22:37 ET (02:37 GMT)
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