Singapore banks grappling with stiffer competition for deposits

Will the fixed deposit war continue?

According to CIMB, in 4Q13-1Q14, a fixed deposit war erupted as Singapore banks scrambled to build up their liquidity coverage ratios (LCRs) in anticipation of rising demand for trade finance loans. The banks guided for funding costs to rise in FY15, especially if they compete in the S$ and fixed deposit space.

Here's more

Concerns over rising exposure to China. Concerns this quarter centred on the banks' growing exposure to China given recent fears over China's shadow banking sector.

While the banks clarified that they are not exposed to shadow banking as most of their China loans come from trade finance and lending to top-tier corporates based in Hong Kong, their China exposure remains a drag, which may favour UOB over DBS and OCBC due to its smaller proportion of Greater China loans.

Also Read

Citi appoints new sales head for key Asian markets

Citi combines in Japan, North Asia, and Australia clusters

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

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia