- January’s 3-month SORA was down 5bps m-o-m to 1.16%, the lowest in 42 months, and fell by 180bps y-o-y. Singapore loan growth has continued to climb (Dec 25: +6.1%) with full-year 2025 loans up 5.8% y-o-y. Banks are guiding low to mid-single digit. CASA rose 12% y-o-y and CASA ratio to deposits at 19.6% (Nov25: 19.7%), a tailwind for banks, lowering funding costs and cushioning NIM compression.
- - Read this at SGinvestors.io -
- UOB (SGX:U11) will release their 4Q25 results on 24 Feb 2026, and OCBC (SGX:O39) on 25 Feb 2026.
3-month SORA lowest in 42 months
- - Read this at SGinvestors.io -
- Hong Kong interest rates declined for the 3rd consecutive month in January. The 3M- HIBOR fell by 17bps m-o-m to 2.87%, partially reversing the recovery from July to October. January’s 3-month HIBOR declined by 112bps y-o-y and is 45bps lower than the 4Q25 3-month HIBOR average of 3.32%.
Singapore loan growth holds steady above 6%
- Read more at SGinvestors.io.
