banks

As banks transition from interbank offer rates to risk-free rates, their net interest margins could come under further pressure

MAS and local banks are transitioning to Sora as Sor and Sibor are being gradually phased out

The growth was broad-based across traditional and alternative assets, according to the central bank.

The fortunes of big banks are often tied to a country’s GDP growth, so when Singapore’s growth fell off a cliff in 2QFY2020, it was not surprising that the three local banks reported double-digit y-o-y declines in net profits in 2QFY2020 and 1HFY2020.

No single region or country source dominates, said MAS.

Banks are deened well capitalised and diversified in their exposures to these sectors

The Covid-19 pandemic has changed many aspects of our lives. Since banks are central to the way we live — the way in which banks are perceived have also changed. Take as an example dividends. Local investors have over the past 10 y

The lenders to privately-held Hin Leong Trading (Pte.) Ltd. won’t issue new letters of credit to the company

 In addition to the stimulus packages, policy interest rates are falling. Singapore’s exchange rate policy and the easing for the SGD NEER leading to a weaker Singapore dollar may limit the decline in local rates.