-
Singapore interest rates rose for the second consecutive month, with June’s 3M-SORA up 1bp m-o-m to 1.07%, and fell by 109bps y-o-y, the smallest y-o-y decline in 15 months. Singapore loan growth continued to surge (Jun 2026: +8.7% y-o-y), and we expect a potential increase in prior guidance to low- to mid-single digits. CASA rose 15% y-o-y, and CASA ratio to deposits rose to 20.7% (Apr 2026: 20.5%), the highest since Nov 2022 and a tailwind for banks, lowering funding costs and cushioning NIM compression.
- - Read this at SGinvestors.io -
-
The US-Iran ceasefire collapsed in early July, with renewed strikes lifting oil prices and keeping markets volatile. That volatility continues to benefit capital markets income and wealth management fees, a meaningful offset to NII headwinds.
- - Read this at SGinvestors.io -
3M-SORA rises for the 2nd consecutive month
- Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
Glenn Thum Phillip Securities Research | https://www.poems.com.sg/ 2026-07-14
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)
