In Singapore, the interbank rate is the rate of interest charged on short-term loans made between banks.. This page provides - Singapore Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. The Singapore Interbank Offered Rate, known by its abbreviation SIBOR, is the benchmark interest rate, stated in Singapore dollars, for lending between banks within the Asian market.
This is a list of banks with operations in Singapore. Location of incorporation is provided in brackets for foreign banks. There are, at present, commercial banks, 49 merchant banks, and 45 banks with representative offices in Singapore. Yes, the Interbank Funds Transfer service lets you transfer funds to accounts of GIRO Participating Banks. As this service makes use of the Clearing & Settlement system for Interbank GIRO transactions, you will need to provide the recipient bank code and branch .