banks

Almost 30% of the banks have improved on at least 10% of the assessment criteria from 2019.

The grant is currently applicable to banks, and will subsequently include insurers and capital market intermediaries.

Banks' credit costs stabilise as they exit loan moratoriums smoothly. Their price to book ratios are at 10 year lows.

ABS says banks would continue to consider credit accommodations among other things.

MAS says it will discontinue the issuance of the note from Jan 1, 2021.

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.