Singapore banks' loan to deposit ratio rose to 79%

It's a 1% point difference.

According to CIMB, the Monetary Authority of Singapore (MAS) released the monthly data for Singapore’s banking sector today.

System loan growth was moderate in Aug (+0.7% mom, +11.4% YTD) as the demand for business loans fell.

Here's more from CIMB:

DBU loan growth was weak (+0.3% mom, +10.2% YTD), with the lower manufacturing and commerce loans offsetting the rise in credit cards, share financing, other consumer loans and mortgages.

DBU deposits remained flat mom, which drove the DBU loan-to-deposit ratio (LDR) up 0.4% pts to 100.5%. S$ LDR rose 1% pt to a high of 79.0%, while the ACU LDR fell 0.5% pts to 104.5%.

Meanwhile, the credit card charge-off rates cooled 40bp to 4.72% in Aug.