August 9, 2024 (NO COMMENTS)

Two Singaporean banks experienced significant declines in their liquidity coverage ratios (LCRs) in the second quarter, continuing a year-long downward trend. OCBC Bank’s LCR fell by eight percentage points to 138%, marking its lowest level since 2020. The drop was driven by net cash outflows (NCOs) rising 14.6% to S$67.3 billion ($50.7 billion), outpacing the growth of high-quality liquid assets (HQLAs), which rose by 8.2% to S$92.6 billion. Both NCOs and HQLAs reached their highest level in