Singapore banks' loan-to-deposit ratio hit 100.4% in February

It's the first reading above 100% in a year.

According to Maybank Kim Eng, system deposits grew +5% YoY (Jan +4.6%), with Domestic Banking Unit (DBU) and Asian Currency Unit (ACU) deposits up 6.6% and +3.3%, respectively (ACU growth in SGD terms).

"DBU deposits gained strong momentum from CASA deposits, which grew strongly at c.10%, as banks in Singapore compete for sticky CASA deposits by offering attractive rates. As loan demand rose, system LDR has tightened to 100.4% (Jan +99.4%), a level not seen in a year," the brokerage firm adds.

Also Read

India rejects 2 applicants for a small finance bank licence

Banks grapple through era of disruption by being the disruptor

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

APAC payments gateway market to rise 30% as cashless economy expands

The market is expected to grow by over 11% between 2023-2027.

Banking Technology

2 hours ago

Trading platform Banxso secures Australian license

It will offer real-time data, analytics tools, and educational resources.

Banking Technology

2 hours ago

Payment firm Nium now a registered financial service provider in New Zealand

It plans to offer virtual accounts, and debit and prepaid cards, amongst other services.

Markets

2 hours ago

Bangkok Bank bookmarked $1.09b in cash for Songkran 2024

The cash was expected to have served over 8,000 ATMs and branches.

Cards & Payments

3 hours ago

Exclusives

Banks grapple through era of disruption by being the disruptor

Companies are facing not just tech transformations but also shorter skill lifespans for their workforce.

Retail Banking

4 days ago

Empathy deficit erodes customers’ trust in banks

Customers who feel valued are willing to spend more for banking products.

Banking Technology

What Makes BNI's API Service Stand Out in the Open Banking Era?

Until December 2023, the bank's application programming interface attracted 4,000 customers and generated transactions worth IDR 828 trillion in the past year.

BPI Private Wealth aims to double assets and capture 25% local HNW market