Singapore Interbank Offered Rate (Sibor)

The rate will serve as the contractual fallback reference rate in wholesale SOR contracts after Dec 31, 2024.

As at 4.30pm, shares in DBS, OCBC, and UOB are trading 1.62% up, 1.28% up and 1.23% up, at $21.39, $8.70 and $19.70 respectively.

CIMB Bank Singapore announced Wednesday (June 3) that it will reduce its deposit rates and cost of deposits.

"This will promote greater cross-border connectivity between our respective financial markets to the benefit of both regions,” says Ong Chong Tee, deputy managing director of financial supervision at MAS.

(July 31): The European Commission’s seal of approval for Singapore financial benchmarks will allow companies in the European Union to continue trading derivative products linked to the city state’s benchmark interest rates, Singapore’s financial re

SINGAPORE (Jan 2): RHB Research is maintaining Singapore’s banking sector at  “overweight” as rising Sibor is seen to offset the adverse effects from slow loan growth.

SINGAPORE (July 16): RHB Research is upgrading Singapore’s banking sector to “overweight” from “neutral” on expected widening NIM (net interest margin) despite the property cooling measures.

SINGAPORE (Mar 15): RHB expects the Singapore Interbank Offered Rate (Sibor) to increase in line with the Federal funds rate (FFR) hikes.

SINGAPORE (Jan 9): RHB expects DBS’ share price performance, which was already strong since the US presidential election results, to surge even further from higher Singapore interest rates in the near-term.

SINGAPORE (Dec 5): Maybank Kim Eng is keeping its “negative” rating on the Singapore banks sector, despite local banks DBS, OCBC and UOB rallying between approximately 8-18% since Donald Trump’s US presidential election victory in Nov.