- The banks had a positive March performance. The DBS share price continued to perform the best, with a 7.4% increase, while OCBC share price and UOB share price improved by 3.8% and 4%, respectively.
- - Read this at SGinvestors.io -
3-month SORA & 3-month HIBOR flat in March
- Singapore interest rates were flat in March, halting the 5bps decline in the previous two months. The 3-month SORA was flat m-o-m at 3.64%. Nonetheless, March’s 3-month SORA rose by 29bps y-o-y but was 2bps lower than the 1Q24 3-month SORA average of 3.66% (4Q23: 3.74%).
- - Read this at SGinvestors.io -
Singapore loan growth declined to the lowest in 15 months
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Glenn Thum Phillip Securities Research | https://www.stocksbnb.com/ 2024-04-05
More reports on banking & finance sector:
Analyst Reports on Singapore Banking & Finance Sector
Read also:
Analyst Reports on DBS Group
Analyst Reports on OCBC Bank
Analyst Reports on United Overseas Bank (UOB)
