Spura Finance S23
SGD 0.755
+0.00% +0.00 Updated 28 Oct 2026, 17:16 SGT
Financials
Annual Report 2025
Explore the statements
42 tablesGroup income — FY2025 source
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group income — FY2025 source | |||
| Interest income and hiring chargesSingapore dollars thousands | 56,742 | 53,971 | PDF p. 82 |
| Interest expenseSingapore dollars thousands | (27,506) | (30,723) | PDF p. 82 |
| Net interest and hiring chargesSingapore dollars thousands | 29,236 | 23,248 | PDF p. 82 |
| Fee and commission incomeSingapore dollars thousands | 461 | 542 | PDF p. 82 |
| Other operating incomeSingapore dollars thousands | 371 | 441 | PDF p. 82 |
| Income before operating expensesSingapore dollars thousands | 30,068 | 24,231 | PDF p. 82 |
| Staff costsSingapore dollars thousands | (10,685) | (9,352) | PDF p. 82 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | (1,891) | (1,415) | PDF p. 82 |
| Other operating expensesSingapore dollars thousands | (7,091) | (5,633) | PDF p. 82 |
| Profit from operations before allowancesSingapore dollars thousands | 10,401 | 7,831 | PDF p. 82 |
| Write-back/(Allowances) for impairment losses on loans and advancesSingapore dollars thousands | 582 | (494) | PDF p. 82 Label p. 82 |
| Profit before taxSingapore dollars thousands | 10,983 | 7,337 | PDF p. 82 |
| Tax expenseSingapore dollars thousands | (1,832) | (1,243) | PDF p. 82 |
| Profit for the yearSingapore dollars thousands | 9,151 | 6,094 | PDF p. 82 |
| Earnings per share | |||
| Basic earnings per share (cents)Singapore cents per share | 5.77 | 3.84 | PDF p. 82 |
| Diluted earnings per share (cents)Singapore cents per share | 5.77 | 3.84 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
Group comprehensive income — FY2025 source
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group comprehensive income — FY2025 source | |||
| Profit for the yearSingapore dollars thousands | 9,151 | 6,094 | PDF p. 83 |
| Items that are or may be reclassified subsequently to profit or loss: | |||
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | 6,193 | (58) | PDF p. 83 |
| Net change in fair value of debt investments measured at FVOCI reclassified to profit or loss on disposalSingapore dollars thousands | 111 | – | PDF p. 83 Label p. 83 |
| Related taxSingapore dollars thousands | (1,072) | 10 | PDF p. 83 |
| SubtotalSingapore dollars thousands | 5,232 | (48) | PDF p. 83 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | 5,232 | (48) | PDF p. 83 |
| Total comprehensive income for the yearSingapore dollars thousands | 14,383 | 6,046 | PDF p. 83 |
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Definitions & sources
Original report: PDF p. 83 ↗
Group and Company balance sheet — FY2025 source
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and balances with banksSingapore dollars thousands | 111,661 | 81,801 | 111,641 | 81,775 | PDF p. 81 |
| Statutory deposit with the Monetary Authority of SingaporeSingapore dollars thousands | 34,352 | 28,610 | 34,352 | 28,610 | PDF p. 81 Label p. 81 |
| InvestmentsSingapore dollars thousands | 204,356 | 207,763 | 204,356 | 207,763 | PDF p. 81 |
| Loans and advancesSingapore dollars thousands | 1,166,219 | 982,832 | 1,166,219 | 982,832 | PDF p. 81 |
| Other receivables, deposits and prepaymentsSingapore dollars thousands | 3,067 | 3,072 | 3,065 | 3,069 | PDF p. 81 Label p. 81 |
| SubsidiariesSingapore dollars thousands | – | – | 125 | 125 | PDF p. 81 |
| Property, plant and equipmentSingapore dollars thousands | 8,548 | 6,587 | 8,548 | 6,587 | PDF p. 81 |
| Deferred tax assetsSingapore dollars thousands | 1,844 | 3,055 | 1,844 | 3,055 | PDF p. 81 |
| Total assetsSingapore dollars thousands | 1,530,047 | 1,313,720 | 1,530,150 | 1,313,816 | PDF p. 81 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 168,896 | 168,896 | 168,896 | 168,896 | PDF p. 81 |
| ReservesSingapore dollars thousands | 95,287 | 85,665 | 94,917 | 85,298 | PDF p. 81 |
| Total equity attributable to owners | |||||
| of the CompanySingapore dollars thousands | 264,183 | 254,561 | 263,813 | 254,194 | PDF p. 81 |
| Liabilities | |||||
| Deposits and savings accounts of customersSingapore dollars thousands | 1,245,215 | 1,031,864 | 1,245,908 | 1,032,544 | PDF p. 81 Label p. 81 |
| Trade and other payablesSingapore dollars thousands | 18,027 | 25,268 | 17,807 | 25,052 | PDF p. 81 |
| Current tax liabilitiesSingapore dollars thousands | 2,622 | 2,027 | 2,622 | 2,026 | PDF p. 81 |
| Total liabilitiesSingapore dollars thousands | 1,265,864 | 1,059,159 | 1,266,337 | 1,059,622 | PDF p. 81 |
| Total equity and liabilitiesSingapore dollars thousands | 1,530,047 | 1,313,720 | 1,530,150 | 1,313,816 | PDF p. 81 |
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Definitions & sources
Original report: PDF p. 81 ↗
Group changes in equity — FY2025 source / ending 2024
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupCapital reserve | 2024GroupRegulatory loss allowance reserve | 2024GroupStatutory reserve | 2024GroupFair value reserve | 2024GroupGeneral reserve | 2024GroupAccumulated profits | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2025 source / ending 2024 | |||||||||
| At 1 January 2024Singapore dollars thousands | 168,896 | 1,353 | 718 | 86,018 | (14,287) | 730 | 9,848 | 253,276 | PDF p. 84 |
| Total comprehensive income for | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 6,094 | 6,094 | PDF p. 84 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (58) | – | – | (58) | PDF p. 84 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 10 | – | – | 10 | PDF p. 84 Label p. 84 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (48) | – | – | (48) | PDF p. 84 Label p. 84 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (48) | – | 6,094 | 6,046 | PDF p. 84 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (4,761) | (4,761) | PDF p. 84 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (4,761) | (4,761) | PDF p. 84 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 2,030 | – | – | (2,030) | – | PDF p. 84 Label p. 84 |
| At 31 December 2024Singapore dollars thousands | 168,896 | 1,353 | 718 | 88,048 | (14,335) | 730 | 9,151 | 254,561 | PDF p. 84 |
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Definitions & sources
Original report: PDF p. 84 ↗
Group changes in equity — FY2025 source / ending 2025
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupCapital reserve | 2025GroupRegulatory loss allowance reserve | 2025GroupStatutory reserve | 2025GroupFair value reserve | 2025GroupGeneral reserve | 2025GroupAccumulated profits | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2025 source / ending 2025 | |||||||||
| At 1 January 2025Singapore dollars thousands | 168,896 | 1,353 | 718 | 88,048 | (14,335) | 730 | 9,151 | 254,561 | PDF p. 85 |
| Total comprehensive income for | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 9,151 | 9,151 | PDF p. 85 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | 6,193 | – | – | 6,193 | PDF p. 85 |
| Net change in fair value of debt investments measured at FVOCI reclassified to profit or loss on disposalSingapore dollars thousands | – | – | – | – | 111 | – | – | 111 | PDF p. 85 Label p. 85 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | (1,072) | – | – | (1,072) | PDF p. 85 Label p. 85 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | 5,232 | – | – | 5,232 | PDF p. 85 Label p. 85 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | 5,232 | – | 9,151 | 14,383 | PDF p. 85 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (4,761) | (4,761) | PDF p. 85 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (4,761) | (4,761) | PDF p. 85 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 2,290 | – | – | (2,290) | – | PDF p. 85 Label p. 85 |
| Transfer from Regulatory Loss Allowance Reserve to accumulated profitsSingapore dollars thousands | – | – | (229) | – | – | – | 229 | – | PDF p. 85 Label p. 85 |
| At 31 December 2025Singapore dollars thousands | 168,896 | 1,353 | 489 | 90,338 | (9,103) | 730 | 11,480 | 264,183 | PDF p. 85 |
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Definitions & sources
Original report: PDF p. 85 ↗
Company changes in equity — FY2025 source / ending 2024
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyShare capital | 2024CompanyCapital reserve | 2024CompanyRegulatory loss allowance reserve | 2024CompanyStatutory reserve | 2024CompanyFair value reserve | 2024CompanyGeneral reserve | 2024CompanyAccumulated profits | 2024CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company changes in equity — FY2025 source / ending 2024 | |||||||||
| At 1 January 2024Singapore dollars thousands | 168,896 | 1,353 | 718 | 86,018 | (14,287) | 730 | 7,492 | 250,920 | PDF p. 86 |
| Total comprehensive income for | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 8,083 | 8,083 | PDF p. 86 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (58) | – | – | (58) | PDF p. 86 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 10 | – | – | 10 | PDF p. 86 Label p. 86 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (48) | – | – | (48) | PDF p. 86 Label p. 86 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (48) | – | 8,083 | 8,035 | PDF p. 86 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (4,761) | (4,761) | PDF p. 86 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (4,761) | (4,761) | PDF p. 86 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 2,030 | – | – | (2,030) | – | PDF p. 86 Label p. 86 |
| At 31 December 2024Singapore dollars thousands | 168,896 | 1,353 | 718 | 88,048 | (14,335) | 730 | 8,784 | 254,194 | PDF p. 86 |
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Definitions & sources
Original report: PDF p. 86 ↗
Company changes in equity — FY2025 source / ending 2025
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyShare capital | 2025CompanyCapital reserve | 2025CompanyRegulatory loss allowance reserve | 2025CompanyStatutory reserve | 2025CompanyFair value reserve | 2025CompanyGeneral reserve | 2025CompanyAccumulated profits | 2025CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company changes in equity — FY2025 source / ending 2025 | |||||||||
| At 1 January 2025Singapore dollars thousands | 168,896 | 1,353 | 718 | 88,048 | (14,335) | 730 | 8,784 | 254,194 | PDF p. 87 |
| Total comprehensive income for | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 9,148 | 9,148 | PDF p. 87 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | 6,193 | – | – | 6,193 | PDF p. 87 |
| Net change in fair value of debt investments measured at FVOCI reclassified to profit or loss on disposalSingapore dollars thousands | – | – | – | – | 111 | – | – | 111 | PDF p. 87 Label p. 87 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | (1,072) | – | – | (1,072) | PDF p. 87 Label p. 87 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | 5,232 | – | – | 5,232 | PDF p. 87 Label p. 87 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | 5,232 | – | 9,148 | 14,380 | PDF p. 87 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (4,761) | (4,761) | PDF p. 87 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (4,761) | (4,761) | PDF p. 87 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 2,290 | – | – | (2,290) | – | PDF p. 87 Label p. 87 |
| Transfer from Regulatory Loss Allowance Reserve to accumulated profitsSingapore dollars thousands | – | – | (229) | – | – | – | 229 | – | PDF p. 87 Label p. 87 |
| At 31 December 2025Singapore dollars thousands | 168,896 | 1,353 | 489 | 90,338 | (9,103) | 730 | 11,110 | 263,813 | PDF p. 87 |
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Definitions & sources
Original report: PDF p. 87 ↗
Group cash flows — FY2025 source
31 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit for the yearSingapore dollars thousands | 9,151 | 6,094 | PDF p. 88 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 1,891 | 1,415 | PDF p. 88 |
| Property, plant and equipment written offSingapore dollars thousands | 51 | – | PDF p. 88 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | (26) | – | PDF p. 88 |
| Bad debts written off/(recovered)Singapore dollars thousands | 341 | (21) | PDF p. 88 |
| (Write-back)/Allowances for impairment losses on loans and advancesSingapore dollars thousands | (582) | 494 | PDF p. 88 |
| Gain on sale of investmentsSingapore dollars thousands | (35) | – | PDF p. 88 |
| Interest expense on lease liabilitiesSingapore dollars thousands | 676 | 499 | PDF p. 88 |
| Tax expenseSingapore dollars thousands | 1,832 | 1,243 | PDF p. 88 |
| SubtotalSingapore dollars thousands | 13,299 | 9,724 | PDF p. 88 |
| Changes in working capital: | |||
| Statutory deposit with the Monetary Authority of SingaporeSingapore dollars thousands | (5,742) | (6,591) | PDF p. 88 |
| Fixed deposits with original maturity more than 3 monthsSingapore dollars thousands | (7,155) | 4,046 | PDF p. 88 |
| Loans and advancesSingapore dollars thousands | (183,146) | (159,010) | PDF p. 88 |
| Other receivables, deposits and prepaymentsSingapore dollars thousands | 5 | (562) | PDF p. 88 |
| Deposits and savings accounts of customersSingapore dollars thousands | 213,351 | 154,154 | PDF p. 88 |
| Trade and other payablesSingapore dollars thousands | (8,126) | 2,197 | PDF p. 88 |
| Cash generated from operationsSingapore dollars thousands | 22,486 | 3,958 | PDF p. 88 |
| Taxes paidSingapore dollars thousands | (1,098) | (1,309) | PDF p. 88 |
| Net cash from operating activitiesSingapore dollars thousands | 21,388 | 2,649 | PDF p. 88 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (2,406) | (292) | PDF p. 88 |
| Proceed from sale of property, plant and equipmentSingapore dollars thousands | 26 | – | PDF p. 88 |
| Purchase of investmentsSingapore dollars thousands | (576,473) | (604,997) | PDF p. 88 |
| Proceeds from sale and maturity of investmentsSingapore dollars thousands | 586,219 | 601,088 | PDF p. 88 |
| Net cash from/(used in) investing activitiesSingapore dollars thousands | 7,366 | (4,201) | PDF p. 88 |
| Cash flows from financing activities | |||
| Dividends paidSingapore dollars thousands | (4,761) | (4,761) | PDF p. 88 |
| Repayment on Borrowing from MASSingapore dollars thousands | – | (6,100) | PDF p. 88 |
| Payment of lease liabilitiesSingapore dollars thousands | (1,288) | (1,187) | PDF p. 88 |
| Net cash used in financing activitiesSingapore dollars thousands | (6,049) | (12,048) | PDF p. 88 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands | 22,705 | (13,600) | PDF p. 88 |
| Cash and cash equivalents at 1 JanuarySingapore dollars thousands | 77,801 | 91,401 | PDF p. 88 |
| Cash and cash equivalents at 31 DecemberSingapore dollars thousands | 100,506 | 77,801 | PDF p. 88 |
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Definitions & sources
Original report: PDF p. 88 ↗
Five-year financial highlights — FY2025 source
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| CAPITAL EMPLOYED | ||||||
| Total assetsSingapore dollars thousands | 1,530,047 | 1,313,720 | 1,163,084 | 1,172,442 | 1,177,600 | PDF p. 10 |
| Five-year financial highlights — FY2025 source | ||||||
| Net assetsSingapore dollars thousands | 264,183 | 254,561 | 253,276 | 252,222 | 256,376 | PDF p. 10 |
| Net assets per share (dollars)Singapore dollars per share | 1.66 | 1.60 | 1.60 | 1.59 | 1.62 | PDF p. 10 |
| SHARE CAPITAL | ||||||
| Issued and fully paidSingapore dollars thousands | 168,896 | 168,896 | 168,896 | 168,896 | 168,896 | PDF p. 10 |
| Five-year financial highlights — FY2025 source | ||||||
| Number of shares issued (thousands)ordinary shares thousands | 158,686 | 158,686 | 158,686 | 158,686 | 158,686 | PDF p. 10 |
| LOANS AND DEPOSITS | ||||||
| Loans before allowancesSingapore dollars thousands | 1,172,553 | 989,783 | 831,064 | 851,414 | 901,643 | PDF p. 10 |
| Five-year financial highlights — FY2025 source | ||||||
| DepositsSingapore dollars thousands | 1,245,215 | 1,031,864 | 877,710 | 893,826 | 907,987 | PDF p. 10 |
| PROFIT AND DIVIDEND PAYOUT | ||||||
| Profit before taxSingapore dollars thousands | 10,983 | 7,337 | 7,521 | 10,129 | 11,533 | PDF p. 10 |
| Five-year financial highlights — FY2025 source | ||||||
| Profit after taxSingapore dollars thousands | 9,151 | 6,094 | 6,156 | 8,344 | 9,618 | PDF p. 10 |
| Report-year dividend; FY2025 proposed and subject to AGM approval | ||||||
| DividendSingapore dollars thousands | 5,554 | 4,761 | 4,761 | 5,157 | 6,347 | PDF p. 10 |
| Dividend per share (cents) - tax-exempt one-tierSingapore cents per share | 3.50 | 3.00 | 3.00 | 3.25 | 4.00 | PDF p. 10 |
| DIVIDEND AND EARNINGS PER SHARE | ||||||
| Earnings per share (cents)Singapore cents per share | 5.77 | 3.84 | 3.88 | 5.26 | 6.06 | PDF p. 10 |
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Definitions & sources
Original report: PDF p. 10 ↗
Financial review monetary items — FY2025 source
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| SELECTED INCOME STATEMENT ITEMS | |||
| Net interest incomeSingapore dollars thousands | 29,236 | 23,248 | PDF p. 11 |
| Financial review monetary items — FY2025 source | |||
| Non-interest incomeSingapore dollars thousands | 832 | 983 | PDF p. 11 |
| Total incomeSingapore dollars thousands | 30,068 | 24,231 | PDF p. 11 |
| Operating expensesSingapore dollars thousands | (19,667) | (16,400) | PDF p. 11 |
| Profit from operations beforeSingapore dollars thousands | 10,401 | 7,831 | PDF p. 11 |
| allowances Write-back/(Allowances) on loanSingapore dollars thousands | 582 | (494) | PDF p. 11 Label p. 11 |
| losses Profit before taxSingapore dollars thousands | 10,983 | 7,337 | PDF p. 11 Label p. 11 |
| TaxationSingapore dollars thousands | (1,832) | (1,243) | PDF p. 11 |
| Profit after tax attributable to shareholdersSingapore dollars thousands | 9,151 | 6,094 | PDF p. 11 Label p. 11 |
| n.m. - not meaningful SELECTED BALANCE SHEET ITEMS Total equitySingapore dollars thousands | 264,183 | 254,561 | PDF p. 11 Label p. 11 |
| Total assetsSingapore dollars thousands | 1,530,047 | 1,313,720 | PDF p. 11 |
| Loans and advances (net ofSingapore dollars thousands | 1,166,219 | 982,832 | PDF p. 11 |
| allowances) Deposits and savings accounts ofSingapore dollars thousands | 1,245,215 | 1,031,864 | PDF p. 11 Label p. 11 |
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Definitions & sources
Original report: PDF p. 11 ↗
Key financial ratios
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Key financial ratios (%) | |||
| Net interest marginpercent | 2.08 | 1.87 | PDF p. 11 |
| Non-interest income ratiopercent | 2.77 | 4.06 | PDF p. 11 |
| Cost-to-income ratiopercent | 65.41 | 67.68 | PDF p. 11 |
| Loans-to-deposits ratiopercent | 93.66 | 95.25 | PDF p. 11 |
| Non-performing loans ratio | |||
| - Secured by collateralpercent | 1.93 | 2.70 | PDF p. 11 |
| - Unsecured and fully provided forpercent | 0.12 | 0.18 | PDF p. 11 |
| Key financial ratios (%) | |||
| Return on equitypercent | 3.46 | 2.39 | PDF p. 11 |
| Return on total assetspercent | 0.60 | 0.46 | PDF p. 11 |
| Capital adequacy ratiopercent | 20.82 | 24.91 | PDF p. 11 |
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Definitions & sources
Original report: PDF p. 11 ↗
Return on equity and total assets use balance sheet date amounts, as expressly stated in the source footnotes.
Cash and balances with banks and cash flow basis
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Cash and balances with banks and cash flow basis | |||||
| Cash at banks and in handSingapore dollars thousands | 83,418 | 21,775 | 83,398 | 21,749 | PDF p. 99 |
| Fixed deposits with banksSingapore dollars thousands | 28,243 | 60,026 | 28,243 | 60,026 | PDF p. 99 |
| Cash and balances with banks in the balance sheetSingapore dollars thousands | 111,661 | 81,801 | 111,641 | 81,775 | PDF p. 99 Label p. 99 |
| Less: Fixed deposits with original maturity more than 3 monthsSingapore dollars thousands | (11,155) | (4,000) | (11,155) | (4,000) | PDF p. 99 Label p. 99 |
| Cash and cash equivalents in the cash flow statementSingapore dollars thousands | 100,506 | 77,801 | 100,486 | 77,775 | PDF p. 99 Label p. 99 |
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Definitions & sources
Original report: PDF p. 99 ↗
Loans and advances — composition and allowances
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Loans and advances — composition and allowances | |||
| Mortgage and other secured loansSingapore dollars thousands | 911,860 | 761,955 | PDF p. 100 |
| Unsecured loansSingapore dollars thousands | 3,574 | 5,283 | PDF p. 100 |
| Hire purchase receivablesSingapore dollars thousands | 281,070 | 244,120 | PDF p. 100 |
| SubtotalSingapore dollars thousands | 1,196,504 | 1,011,358 | PDF p. 100 |
| Unearned charges and interestSingapore dollars thousands | (23,951) | (21,575) | PDF p. 100 |
| SubtotalSingapore dollars thousands | 1,172,553 | 989,783 | PDF p. 100 |
| Allowances for loan lossesSingapore dollars thousands | (6,334) | (6,951) | PDF p. 100 |
| SubtotalSingapore dollars thousands | 1,166,219 | 982,832 | PDF p. 100 |
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Definitions & sources
Original report: PDF p. 100 ↗
Loans and advances — maturity basis
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Loans and advances — maturity basis | |||
| Due within 12 monthsSingapore dollars thousands | 197,255 | 143,574 | PDF p. 100 |
| Due after 12 monthsSingapore dollars thousands | 968,964 | 839,258 | PDF p. 100 |
| SubtotalSingapore dollars thousands | 1,166,219 | 982,832 | PDF p. 100 |
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Definitions & sources
Original report: PDF p. 100 ↗
Capital and regulatory reserves
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Capital and regulatory reserves | |||||
| Capital reserveSingapore dollars thousands | 1,353 | 1,353 | 1,353 | 1,353 | PDF p. 105 |
| Statutory reserveSingapore dollars thousands | 90,338 | 88,048 | 90,338 | 88,048 | PDF p. 105 |
| Regulatory loss allowance reserveSingapore dollars thousands | 489 | 718 | 489 | 718 | PDF p. 105 |
| Fair value reserveSingapore dollars thousands | (9,103) | (14,335) | (9,103) | (14,335) | PDF p. 105 |
| Revenue reserve: - GeneralSingapore dollars thousands | 730 | 730 | 730 | 730 | PDF p. 105 Label p. 105 |
| - Accumulated profitsSingapore dollars thousands | 11,480 | 9,151 | 11,110 | 8,784 | PDF p. 105 |
| SubtotalSingapore dollars thousands | 95,287 | 85,665 | 94,917 | 85,298 | PDF p. 105 |
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Definitions & sources
Original report: PDF p. 105 ↗
Dividends declared and paid
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Paid by the Company to owners of the Company / First and final | |||
| 2.0 cents per qualifying ordinary share (2024: 2.0 cents)Singapore dollars thousands | 3,174 | 3,174 | PDF p. 106 |
| Special | |||
| 1.0 cent per qualifying ordinary share (2024: 1.0 cent)Singapore dollars thousands | 1,587 | 1,587 | PDF p. 106 |
| Dividends declared and paid | |||
| SubtotalSingapore dollars thousands | 4,761 | 4,761 | PDF p. 106 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 106 ↗
Proposed dividends not provided for
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| First and final | |||
| 2.0 cents per qualifying ordinary share (2024: 2.0 cents)Singapore dollars thousands | 3,174 | 3,174 | PDF p. 106 |
| Special | |||
| 1.50 cents per qualifying ordinary share (2024: 1.0 cent)Singapore dollars thousands | 2,380 | 1,587 | PDF p. 106 |
| Proposed dividends not provided for | |||
| SubtotalSingapore dollars thousands | 5,554 | 4,761 | PDF p. 106 |
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Definitions & sources
Original report: PDF p. 106 ↗
Weighted ordinary share denominator in EPS highlights
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group five-year EPS basis | Source |
|---|---|---|
| Share denominator used in the five-year earnings-per-share highlights | ||
| weighted averageordinary shares | 158,685,890 | PDF p. 10 |
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Definitions & sources
Original report: PDF p. 10 ↗
The original highlights footnote expressly states158,685,890ordinary shares. This is a full share count; the issued-share row separately reports rounded thousands.
Group income — FY2023 source
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Group income — FY2023 source | |||
| Interest income and hiring chargesSingapore dollars thousands | 48,150 | 34,078 | PDF p. 81 |
| Interest expenseSingapore dollars thousands | (26,144) | (7,859) | PDF p. 81 |
| Net interest and hiring chargesSingapore dollars thousands | 22,006 | 26,219 | PDF p. 81 |
| Fee and commission incomeSingapore dollars thousands | 478 | 301 | PDF p. 81 |
| Other operating incomeSingapore dollars thousands | 453 | 458 | PDF p. 81 |
| Income before operating expensesSingapore dollars thousands | 22,937 | 26,978 | PDF p. 81 |
| Staff costsSingapore dollars thousands | (8,326) | (9,111) | PDF p. 81 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | (1,402) | (1,330) | PDF p. 81 |
| Other operating expensesSingapore dollars thousands | (5,634) | (4,986) | PDF p. 81 |
| Profit from operations before allowancesSingapore dollars thousands | 7,575 | 11,551 | PDF p. 81 |
| Allowances for impairment losses on loans and advancesSingapore dollars thousands | (54) | (1,422) | PDF p. 81 |
| Profit before taxSingapore dollars thousands | 7,521 | 10,129 | PDF p. 81 |
| Tax expenseSingapore dollars thousands | (1,365) | (1,785) | PDF p. 81 |
| Profit for the yearSingapore dollars thousands | 6,156 | 8,344 | PDF p. 81 |
| Earnings per share | |||
| Basic earnings per share (cents)Singapore cents per share | 3.88 | 5.26 | PDF p. 81 |
| Diluted earnings per share (cents)Singapore cents per share | 3.88 | 5.26 | PDF p. 81 |
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Definitions & sources
Original report: PDF p. 81 ↗
Group comprehensive income — FY2023 source
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Group comprehensive income — FY2023 source | |||
| Profit for the yearSingapore dollars thousands | 6,156 | 8,344 | PDF p. 82 |
| Items that are or may be reclassified subsequently to profit or loss: | |||
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | 66 | (7,411) | PDF p. 82 |
| Related taxSingapore dollars thousands | (11) | 1,260 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 55 | (6,151) | PDF p. 82 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | 55 | (6,151) | PDF p. 82 |
| Total comprehensive income for the yearSingapore dollars thousands | 6,211 | 2,193 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
Group and Company balance sheet — FY2023 source
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and balances with banksSingapore dollars thousands | 99,447 | 100,260 | 99,432 | 100,243 | PDF p. 80 |
| Statutory deposit with the Monetary Authority of SingaporeSingapore dollars thousands | 22,019 | 23,445 | 22,019 | 23,445 | PDF p. 80 Label p. 80 |
| InvestmentsSingapore dollars thousands | 203,911 | 191,527 | 203,911 | 191,527 | PDF p. 80 |
| Loans and advancesSingapore dollars thousands | 824,295 | 844,464 | 824,295 | 844,464 | PDF p. 80 |
| Other receivables, deposits and prepaymentsSingapore dollars thousands | 2,510 | 2,306 | 2,510 | 2,306 | PDF p. 80 Label p. 80 |
| SubsidiariesSingapore dollars thousands | – | – | 125 | 125 | PDF p. 80 |
| Property, plant and equipmentSingapore dollars thousands | 7,710 | 7,288 | 7,710 | 7,288 | PDF p. 80 |
| Deferred tax assetsSingapore dollars thousands | 3,192 | 3,152 | 3,192 | 3,152 | PDF p. 80 |
| Total assetsSingapore dollars thousands | 1,163,084 | 1,172,442 | 1,163,194 | 1,172,550 | PDF p. 80 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 168,896 | 168,896 | 168,896 | 168,896 | PDF p. 80 |
| ReservesSingapore dollars thousands | 84,380 | 83,326 | 82,024 | 81,053 | PDF p. 80 |
| Total equity attributable to | |||||
| owners of the CompanySingapore dollars thousands | 253,276 | 252,222 | 250,920 | 249,949 | PDF p. 80 |
| Liabilities | |||||
| Deposits and savings accounts of customersSingapore dollars thousands | 877,710 | 893,826 | 880,319 | 896,437 | PDF p. 80 Label p. 80 |
| Trade and other payablesSingapore dollars thousands | 22,416 | 12,332 | 22,280 | 12,103 | PDF p. 80 |
| Borrowings from MASSingapore dollars thousands | 6,100 | 10,000 | 6,100 | 10,000 | PDF p. 80 |
| Current tax liabilitiesSingapore dollars thousands | 2,239 | 2,580 | 2,232 | 2,579 | PDF p. 80 |
| Staff retirement gratuitiesSingapore dollars thousands | 1,343 | 1,482 | 1,343 | 1,482 | PDF p. 80 |
| Total liabilitiesSingapore dollars thousands | 909,808 | 920,220 | 912,274 | 922,601 | PDF p. 80 |
| Total equity and liabilitiesSingapore dollars thousands | 1,163,084 | 1,172,442 | 1,163,194 | 1,172,550 | PDF p. 80 |
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Definitions & sources
Original report: PDF p. 80 ↗
Group changes in equity — FY2023 source / ending 2022
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022GroupShare capital | 2022GroupCapital reserve | 2022GroupRegulatory loss allowance reserve | 2022GroupStatutory reserve | 2022GroupFair value reserve | 2022GroupGeneral reserve | 2022GroupAccumulated profits | 2022GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2023 source / ending 2022 | |||||||||
| At 1 January 2022Singapore dollars thousands | 168,896 | 1,353 | 718 | 80,178 | (8,191) | 730 | 12,692 | 256,376 | PDF p. 83 |
| Total comprehensive income | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 8,344 | 8,344 | PDF p. 83 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (7,411) | – | – | (7,411) | PDF p. 83 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 1,260 | – | – | 1,260 | PDF p. 83 Label p. 83 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (6,151) | – | – | (6,151) | PDF p. 83 Label p. 83 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (6,151) | – | 8,344 | 2,193 | PDF p. 83 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (6,347) | (6,347) | PDF p. 83 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (6,347) | (6,347) | PDF p. 83 Label p. 83 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 4,320 | – | – | (4,320) | – | PDF p. 83 Label p. 83 |
| At 31 December 2022Singapore dollars thousands | 168,896 | 1,353 | 718 | 84,498 | (14,342) | 730 | 10,369 | 252,222 | PDF p. 83 |
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Definitions & sources
Original report: PDF p. 83 ↗
Group changes in equity — FY2023 source / ending 2023
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023GroupShare capital | 2023GroupCapital reserve | 2023GroupRegulatory loss allowance reserve | 2023GroupStatutory reserve | 2023GroupFair value reserve | 2023GroupGeneral reserve | 2023GroupAccumulated profits | 2023GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2023 source / ending 2023 | |||||||||
| At 1 January 2023Singapore dollars thousands | 168,896 | 1,353 | 718 | 84,498 | (14,342) | 730 | 10,369 | 252,222 | PDF p. 84 |
| Total comprehensive income | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 6,156 | 6,156 | PDF p. 84 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | 66 | – | – | 66 | PDF p. 84 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | (11) | – | – | (11) | PDF p. 84 Label p. 84 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | 55 | – | – | 55 | PDF p. 84 Label p. 84 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | 55 | – | 6,156 | 6,211 | PDF p. 84 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (5,157) | (5,157) | PDF p. 84 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (5,157) | (5,157) | PDF p. 84 Label p. 84 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 1,520 | – | – | (1,520) | – | PDF p. 84 Label p. 84 |
| At 31 December 2023Singapore dollars thousands | 168,896 | 1,353 | 718 | 86,018 | (14,287) | 730 | 9,848 | 253,276 | PDF p. 84 |
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Definitions & sources
Original report: PDF p. 84 ↗
Company changes in equity — FY2023 source / ending 2022
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022CompanyShare capital | 2022CompanyCapital reserve | 2022CompanyRegulatory loss allowance reserve | 2022CompanyStatutory reserve | 2022CompanyFair value reserve | 2022CompanyGeneral reserve | 2022CompanyAccumulated profits | 2022CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company changes in equity — FY2023 source / ending 2022 | |||||||||
| At 1 January 2022Singapore dollars thousands | 168,896 | 1,353 | 718 | 80,178 | (8,191) | 730 | 10,428 | 254,112 | PDF p. 85 |
| Total comprehensive income | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 8,335 | 8,335 | PDF p. 85 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (7,411) | – | – | (7,411) | PDF p. 85 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 1,260 | – | – | 1,260 | PDF p. 85 Label p. 85 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (6,151) | – | – | (6,151) | PDF p. 85 Label p. 85 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (6,151) | – | 8,335 | 2,184 | PDF p. 85 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (6,347) | (6,347) | PDF p. 85 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (6,347) | (6,347) | PDF p. 85 Label p. 85 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 4,320 | – | – | (4,320) | – | PDF p. 85 Label p. 85 |
| At 31 December 2022Singapore dollars thousands | 168,896 | 1,353 | 718 | 84,498 | (14,342) | 730 | 8,096 | 249,949 | PDF p. 85 |
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Definitions & sources
Original report: PDF p. 85 ↗
Company changes in equity — FY2023 source / ending 2023
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023CompanyShare capital | 2023CompanyCapital reserve | 2023CompanyRegulatory loss allowance reserve | 2023CompanyStatutory reserve | 2023CompanyFair value reserve | 2023CompanyGeneral reserve | 2023CompanyAccumulated profits | 2023CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company changes in equity — FY2023 source / ending 2023 | |||||||||
| At 1 January 2023Singapore dollars thousands | 168,896 | 1,353 | 718 | 84,498 | (14,342) | 730 | 8,096 | 249,979 | PDF p. 86 |
| Total comprehensive income | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 6,073 | 6,073 | PDF p. 86 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | 66 | – | – | 66 | PDF p. 86 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | (11) | – | – | (11) | PDF p. 86 Label p. 86 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | 55 | – | – | 55 | PDF p. 86 Label p. 86 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | 55 | – | 6,073 | 6,128 | PDF p. 86 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (5,157) | (5,157) | PDF p. 86 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (5,157) | (5,157) | PDF p. 86 Label p. 86 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 1,520 | – | – | (1,520) | – | PDF p. 86 Label p. 86 |
| At 31 December 2023Singapore dollars thousands | 168,896 | 1,353 | 718 | 86,018 | (14,287) | 730 | 7,492 | 250,920 | PDF p. 86 |
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Definitions & sources
Original report: PDF p. 86 ↗
Group cash flows — FY2023 source
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit for the yearSingapore dollars thousands | 6,156 | 8,344 | PDF p. 87 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 1,402 | 1,330 | PDF p. 87 |
| Bad debts written offSingapore dollars thousands | 2 | – | PDF p. 87 |
| Allowances for impairment losses on loans and advancesSingapore dollars thousands | 54 | 1,422 | PDF p. 87 |
| Property, plant and equipment written offSingapore dollars thousands | – | 5 | PDF p. 87 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | – | (46) | PDF p. 87 |
| Gain on lease modificationSingapore dollars thousands | – | (24) | PDF p. 87 |
| Staff retirement gratuitiesSingapore dollars thousands | 35 | 19 | PDF p. 87 |
| Interest expense on lease liabilitiesSingapore dollars thousands | 543 | 287 | PDF p. 87 |
| Tax expenseSingapore dollars thousands | 1,365 | 1,785 | PDF p. 87 |
| SubtotalSingapore dollars thousands | 9,557 | 13,122 | PDF p. 87 |
| Changes in working capital: | |||
| Statutory deposit with the Monetary Authority of SingaporeSingapore dollars thousands | 1,426 | 916 | PDF p. 87 |
| Fixed deposits with original maturity more than 3 monthsSingapore dollars thousands | (5,046) | 270 | PDF p. 87 |
| Loans and advancesSingapore dollars thousands | 20,113 | 50,080 | PDF p. 87 |
| Other receivables, deposits and prepaymentsSingapore dollars thousands | (204) | 12 | PDF p. 87 |
| Deposits and savings accounts of customersSingapore dollars thousands | (16,116) | (14,161) | PDF p. 87 |
| Trade and other payablesSingapore dollars thousands | 9,129 | 3,801 | PDF p. 87 |
| Cash from operationsSingapore dollars thousands | 18,859 | 54,040 | PDF p. 87 |
| Taxes paidSingapore dollars thousands | (1,757) | (1,898) | PDF p. 87 |
| Staff retirement gratuities paidSingapore dollars thousands | (174) | (104) | PDF p. 87 |
| Net cash from operating activitiesSingapore dollars thousands | 16,928 | 52,038 | PDF p. 87 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (361) | (1,087) | PDF p. 87 |
| Proceed from sale of property, plant and equipmentSingapore dollars thousands | – | 46 | PDF p. 87 |
| Purchase of investmentsSingapore dollars thousands | (664,932) | (410,325) | PDF p. 87 |
| Proceeds from sale and maturity of investmentsSingapore dollars thousands | 652,614 | 342,289 | PDF p. 87 |
| Net cash used in investing activitiesSingapore dollars thousands | (12,679) | (69,077) | PDF p. 87 |
| Cash flows from financing activities | |||
| Dividends paidSingapore dollars thousands | (5,157) | (6,347) | PDF p. 87 |
| (Repayment)/Borrowing from MASSingapore dollars thousands | (3,900) | 10,000 | PDF p. 87 |
| Payment of lease liabilitiesSingapore dollars thousands | (1,051) | (852) | PDF p. 87 |
| Net cash (used in)/from financing activitiesSingapore dollars thousands | (10,108) | 2,801 | PDF p. 87 |
| Net decrease in cash and cash equivalentsSingapore dollars thousands | (5,859) | (14,238) | PDF p. 87 |
| Cash and cash equivalents at 1 JanuarySingapore dollars thousands | 97,260 | 111,498 | PDF p. 87 |
| Cash and cash equivalents at 31 DecemberSingapore dollars thousands | 91,401 | 97,260 | PDF p. 87 |
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Definitions & sources
Original report: PDF p. 87 ↗
Historical key financial ratios
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Key financial ratios (%) | |||
| Net interest marginpercent | 2.00 | 2.35 | PDF p. 11 |
| Non-interest income ratiopercent | 4.06 | 2.81 | PDF p. 11 |
| Cost-to-income ratiopercent | 66.98 | 57.18 | PDF p. 11 |
| Loans-to-deposits ratiopercent | 93.91 | 94.48 | PDF p. 11 |
| Non-performing loans ratio | |||
| - Secured by collateralpercent | 3.08 | 4.75 | PDF p. 11 |
| - Unsecured and fully provided forpercent | 0.25 | 0.27 | PDF p. 11 |
| Key financial ratios (%) | |||
| Return on equitypercent | 2.43 | 3.31 | PDF p. 11 |
| Return on total assetspercent | 0.53 | 0.71 | PDF p. 11 |
| Capital adequacy ratiopercent | 29.31 | 27.28 | PDF p. 11 |
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Definitions & sources
Original report: PDF p. 11 ↗
Original decimal precision retained; FY2022 source reports most ratios to one decimal, while the later FY2023 comparison uses two decimals.
Group income — FY2022 source
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Group income — FY2022 source | |||
| Interest income and hiring chargesSingapore dollars thousands | 34,078 | 29,623 | PDF p. 70 |
| Interest expenseSingapore dollars thousands | (7,859) | (5,027) | PDF p. 70 |
| Net interest and hiring chargesSingapore dollars thousands | 26,219 | 24,596 | PDF p. 70 |
| Fee and commission incomeSingapore dollars thousands | 301 | 372 | PDF p. 70 |
| Other operating incomeSingapore dollars thousands | 458 | 939 | PDF p. 70 |
| Income before operating expensesSingapore dollars thousands | 26,978 | 25,907 | PDF p. 70 |
| Staff costsSingapore dollars thousands | (9,111) | (8,015) | PDF p. 70 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | (1,330) | (1,201) | PDF p. 70 |
| Other operating expensesSingapore dollars thousands | (4,986) | (3,974) | PDF p. 70 |
| Profit from operations before allowancesSingapore dollars thousands | 11,551 | 12,717 | PDF p. 70 |
| Allowances for impairment losses on loans and advancesSingapore dollars thousands | (1,422) | (1,184) | PDF p. 70 |
| Profit before taxSingapore dollars thousands | 10,129 | 11,533 | PDF p. 70 |
| Tax expenseSingapore dollars thousands | (1,785) | (1,915) | PDF p. 70 |
| Profit for the yearSingapore dollars thousands | 8,344 | 9,618 | PDF p. 70 |
| Earnings per share | |||
| Basic earnings per share (cents)Singapore cents per share | 5.26 | 6.06 | PDF p. 70 |
| Diluted earnings per share (cents)Singapore cents per share | 5.26 | 6.06 | PDF p. 70 |
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Definitions & sources
Original report: PDF p. 70 ↗
Group comprehensive income — FY2022 source
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Group comprehensive income — FY2022 source | |||
| Profit for the yearSingapore dollars thousands | 8,344 | 9,618 | PDF p. 71 |
| Items that will not be reclassified subsequently to profit or loss: | |||
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | – | (1,536) | PDF p. 71 |
| Related taxSingapore dollars thousands | – | 261 | PDF p. 71 |
| SubtotalSingapore dollars thousands | – | (1,275) | PDF p. 71 |
| Items that are or may be reclassified subsequently to profit or loss: | |||
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | (7,411) | (5,072) | PDF p. 71 |
| Related taxSingapore dollars thousands | 1,260 | 862 | PDF p. 71 |
| SubtotalSingapore dollars thousands | (6,151) | (4,210) | PDF p. 71 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | (6,151) | (5,485) | PDF p. 71 |
| Total comprehensive income for the yearSingapore dollars thousands | 2,193 | 4,133 | PDF p. 71 |
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Definitions & sources
Original report: PDF p. 71 ↗
Group and Company balance sheet — FY2022 source
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and balances with banksSingapore dollars thousands | 100,260 | 114,768 | 100,243 | 114,751 | PDF p. 69 |
| Statutory deposit with the Monetary Authority of SingaporeSingapore dollars thousands | 23,445 | 24,361 | 23,445 | 24,361 | PDF p. 69 Label p. 69 |
| InvestmentsSingapore dollars thousands | 191,527 | 130,902 | 191,527 | 130,902 | PDF p. 69 |
| Loans and advancesSingapore dollars thousands | 844,464 | 895,966 | 844,464 | 895,966 | PDF p. 69 |
| Other receivables, deposits and prepaymentsSingapore dollars thousands | 2,306 | 2,318 | 2,306 | 2,317 | PDF p. 69 Label p. 69 |
| SubsidiariesSingapore dollars thousands | – | – | 125 | 125 | PDF p. 69 |
| Property, plant and equipmentSingapore dollars thousands | 7,288 | 7,450 | 7,288 | 7,450 | PDF p. 69 |
| Deferred tax assetsSingapore dollars thousands | 3,152 | 1,835 | 3,152 | 1,835 | PDF p. 69 |
| Total assetsSingapore dollars thousands | 1,172,442 | 1,177,600 | 1,172,550 | 1,177,707 | PDF p. 69 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 168,896 | 168,896 | 168,896 | 168,896 | PDF p. 69 |
| ReservesSingapore dollars thousands | 83,326 | 87,480 | 81,053 | 85,216 | PDF p. 69 |
| Total equity attributable to owners | |||||
| of the CompanySingapore dollars thousands | 252,222 | 256,376 | 249,949 | 254,112 | PDF p. 69 |
| Liabilities | |||||
| Deposits and savings accounts of customersSingapore dollars thousands | 893,826 | 907,987 | 896,437 | 910,591 | PDF p. 69 Label p. 69 |
| Trade and other payablesSingapore dollars thousands | 12,332 | 9,034 | 12,103 | 8,805 | PDF p. 69 |
| Borrowings from MASSingapore dollars thousands | 10,000 | – | 10,000 | – | PDF p. 69 |
| Current tax liabilitiesSingapore dollars thousands | 2,580 | 2,636 | 2,579 | 2,632 | PDF p. 69 |
| Staff retirement gratuitiesSingapore dollars thousands | 1,482 | 1,567 | 1,482 | 1,567 | PDF p. 69 |
| Total liabilitiesSingapore dollars thousands | 920,220 | 921,224 | 922,601 | 923,595 | PDF p. 69 |
| Total equity and liabilitiesSingapore dollars thousands | 1,172,442 | 1,177,600 | 1,172,550 | 1,177,707 | PDF p. 69 |
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Definitions & sources
Original report: PDF p. 69 ↗
Group changes in equity — FY2022 source / ending 2021
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021GroupShare capital | 2021GroupCapital reserve | 2021GroupRegulatory loss allowance reserve | 2021GroupStatutory reserve | 2021GroupFair value reserve | 2021GroupGeneral reserve | 2021GroupAccumulated profits | 2021GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2022 source / ending 2021 | |||||||||
| At 1 January 2021Singapore dollars thousands | 168,896 | 1,353 | 1,985 | 75,388 | (2,706) | 730 | 8,977 | 254,623 | PDF p. 72 |
| Total comprehensive income | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 9,618 | 9,618 | PDF p. 72 |
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | – | – | – | – | (1,536) | – | – | (1,536) | PDF p. 72 |
| Tax relating to items that will not be reclassified to profit or lossSingapore dollars thousands | – | – | – | – | 261 | – | – | 261 | PDF p. 72 Label p. 72 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (5,072) | – | – | (5,072) | PDF p. 72 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 862 | – | – | 862 | PDF p. 72 Label p. 72 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (5,485) | – | – | (5,485) | PDF p. 72 Label p. 72 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (5,485) | – | 9,618 | 4,133 | PDF p. 72 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (2,380) | (2,380) | PDF p. 72 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (2,380) | (2,380) | PDF p. 72 Label p. 72 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 4,790 | – | – | (4,790) | – | PDF p. 72 Label p. 72 |
| Transfer from regulatory loss allowance reserve to accumulated profitsSingapore dollars thousands | – | – | (1,267) | – | – | – | 1,267 | – | PDF p. 72 Label p. 72 |
| At 31 December 2021Singapore dollars thousands | 168,896 | 1,353 | 718 | 80,178 | (8,191) | 730 | 12,692 | 256,376 | PDF p. 72 |
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Definitions & sources
Original report: PDF p. 72 ↗
Group changes in equity — FY2022 source / ending 2022
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022GroupShare capital | 2022GroupCapital reserve | 2022GroupRegulatory loss allowance reserve | 2022GroupStatutory reserve | 2022GroupFair value reserve | 2022GroupGeneral reserve | 2022GroupAccumulated profits | 2022GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2022 source / ending 2022 | |||||||||
| At 1 January 2022Singapore dollars thousands | 168,896 | 1,353 | 718 | 80,178 | (8,191) | 730 | 12,692 | 256,376 | PDF p. 73 |
| Total comprehensive income | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 8,344 | 8,344 | PDF p. 73 |
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | – | – | – | – | – | – | – | – | PDF p. 73 |
| Tax relating to items that will not be reclassified to profit or lossSingapore dollars thousands | – | – | – | – | – | – | – | – | PDF p. 73 Label p. 73 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (7,411) | – | – | (7,411) | PDF p. 73 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 1,260 | – | – | 1,260 | PDF p. 73 Label p. 73 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (6,151) | – | – | (6,151) | PDF p. 73 Label p. 73 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (6,151) | – | 8,344 | 2,193 | PDF p. 73 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (6,347) | (6,347) | PDF p. 73 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (6,347) | (6,347) | PDF p. 73 Label p. 73 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 4,320 | – | – | (4,320) | – | PDF p. 73 Label p. 73 |
| Transfer from regulatory loss allowance reserve to accumulated profitsSingapore dollars thousands | – | – | – | – | – | – | – | – | PDF p. 73 Label p. 73 |
| At 31 December 2022Singapore dollars thousands | 168,896 | 1,353 | 718 | 84,498 | (14,342) | 730 | 10,369 | 252,222 | PDF p. 73 |
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Definitions & sources
Original report: PDF p. 73 ↗
Company changes in equity — FY2022 source / ending 2021
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021CompanyShare capital | 2021CompanyCapital reserve | 2021CompanyRegulatory loss allowance reserve | 2021CompanyStatutory reserve | 2021CompanyFair value reserve | 2021CompanyGeneral reserve | 2021CompanyAccumulated profits | 2021CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company changes in equity — FY2022 source / ending 2021 | |||||||||
| At 1 January 2021Singapore dollars thousands | 168,896 | 1,353 | 1,985 | 75,388 | (2,706) | 730 | 6,753 | 252,399 | PDF p. 74 |
| Total comprehensive income | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 9,578 | 9,578 | PDF p. 74 |
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | – | – | – | – | (1,536) | – | – | (1,536) | PDF p. 74 |
| Tax relating to items that will not be reclassified to profit or lossSingapore dollars thousands | – | – | – | – | 261 | – | – | 261 | PDF p. 74 Label p. 74 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (5,072) | – | – | (5,072) | PDF p. 74 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 862 | – | – | 862 | PDF p. 74 Label p. 74 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (5,485) | – | – | (5,485) | PDF p. 74 Label p. 74 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (5,485) | – | 9,578 | 4,093 | PDF p. 74 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (2,380) | (2,380) | PDF p. 74 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (2,380) | (2,380) | PDF p. 74 Label p. 74 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 4,790 | – | – | (4,790) | – | PDF p. 74 Label p. 74 |
| Transfer from regulatory loss allowance reserve to accumulated profitsSingapore dollars thousands | – | – | (1,267) | – | – | – | 1,267 | – | PDF p. 74 Label p. 74 |
| At 31 December 2021Singapore dollars thousands | 168,896 | 1,353 | 718 | 80,178 | (8,191) | 730 | 10,428 | 254,112 | PDF p. 74 |
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Definitions & sources
Original report: PDF p. 74 ↗
Company changes in equity — FY2022 source / ending 2022
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022CompanyShare capital | 2022CompanyCapital reserve | 2022CompanyRegulatory loss allowance reserve | 2022CompanyStatutory reserve | 2022CompanyFair value reserve | 2022CompanyGeneral reserve | 2022CompanyAccumulated profits | 2022CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company changes in equity — FY2022 source / ending 2022 | |||||||||
| At 1 January 2022Singapore dollars thousands | 168,896 | 1,353 | 718 | 80,178 | (8,191) | 730 | 10,428 | 254,112 | PDF p. 75 |
| Total comprehensive income | |||||||||
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 8,335 | 8,335 | PDF p. 75 |
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | – | – | – | – | – | – | – | – | PDF p. 75 |
| Tax relating to items that will not be reclassified to profit or lossSingapore dollars thousands | – | – | – | – | – | – | – | – | PDF p. 75 Label p. 75 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (7,411) | – | – | (7,411) | PDF p. 75 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 1,260 | – | – | 1,260 | PDF p. 75 Label p. 75 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (6,151) | – | – | (6,151) | PDF p. 75 Label p. 75 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (6,151) | – | 8,335 | 2,184 | PDF p. 75 |
| Contributions by and distribution to owners | |||||||||
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (6,347) | (6,347) | PDF p. 75 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (6,347) | (6,347) | PDF p. 75 Label p. 75 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 4,320 | – | – | (4,320) | – | PDF p. 75 Label p. 75 |
| Transfer from regulatory loss allowance reserve to accumulated profitsSingapore dollars thousands | – | – | – | – | – | – | – | – | PDF p. 75 Label p. 75 |
| At 31 December 2022Singapore dollars thousands | 168,896 | 1,353 | 718 | 84,498 | (14,342) | 730 | 8,096 | 249,949 | PDF p. 75 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 75 ↗
Group cash flows — FY2022 source
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit for the yearSingapore dollars thousands | 8,344 | 9,618 | PDF p. 76 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 1,330 | 1,201 | PDF p. 76 |
| Bad debts written offSingapore dollars thousands | – | 11 | PDF p. 76 |
| Allowances for impairment losses on loans and advancesSingapore dollars thousands | 1,422 | 1,184 | PDF p. 76 |
| Property, plant and equipment written offSingapore dollars thousands | 5 | – | PDF p. 76 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | (46) | – | PDF p. 76 |
| Gain on lease modificationSingapore dollars thousands | (24) | – | PDF p. 76 |
| Staff retirement gratuitiesSingapore dollars thousands | 19 | 84 | PDF p. 76 |
| Interest expense on lease liabilitiesSingapore dollars thousands | 287 | 399 | PDF p. 76 |
| Tax expenseSingapore dollars thousands | 1,785 | 1,915 | PDF p. 76 |
| SubtotalSingapore dollars thousands | 13,122 | 14,412 | PDF p. 76 |
| Changes in working capital: | |||
| Statutory deposit with the Monetary Authority of SingaporeSingapore dollars thousands | 916 | (2,940) | PDF p. 76 |
| Fixed deposits with original maturity more than 3 monthsSingapore dollars thousands | 270 | 46,535 | PDF p. 76 |
| Loans and advancesSingapore dollars thousands | 50,080 | (59,275) | PDF p. 76 |
| Other receivables, deposits and prepaymentsSingapore dollars thousands | 12 | (451) | PDF p. 76 |
| Deposits and savings accounts of customersSingapore dollars thousands | (14,161) | 513 | PDF p. 76 |
| Trade and other payablesSingapore dollars thousands | 3,801 | (940) | PDF p. 76 |
| Cash from/(used in) operationsSingapore dollars thousands | 54,040 | (2,146) | PDF p. 76 |
| Taxes paidSingapore dollars thousands | (1,898) | (1,264) | PDF p. 76 |
| Staff retirement gratuities paidSingapore dollars thousands | (104) | (32) | PDF p. 76 |
| Net cash from/(used in) operating activitiesSingapore dollars thousands | 52,038 | (3,442) | PDF p. 76 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (1,087) | (529) | PDF p. 76 |
| Proceed from sale of property, plant and equipmentSingapore dollars thousands | 46 | – | PDF p. 76 |
| Purchase of investmentsSingapore dollars thousands | (410,325) | (277,685) | PDF p. 76 |
| Proceeds from sale and maturity of investmentsSingapore dollars thousands | 342,289 | 265,176 | PDF p. 76 |
| Net cash used in investing activitiesSingapore dollars thousands | (69,077) | (13,038) | PDF p. 76 |
| Cash flows from financing activities | |||
| Dividends paidSingapore dollars thousands | (6,347) | (2,380) | PDF p. 76 |
| Borrowings from MASSingapore dollars thousands | 10,000 | – | PDF p. 76 |
| Payment of lease liabilitiesSingapore dollars thousands | (852) | (891) | PDF p. 76 |
| Net cash from/(used in) financing activitiesSingapore dollars thousands | 2,801 | (3,271) | PDF p. 76 |
| Net decrease in cash and cash equivalentsSingapore dollars thousands | (14,238) | (19,751) | PDF p. 76 |
| Cash and cash equivalents at 1 JanuarySingapore dollars thousands | 111,498 | 131,249 | PDF p. 76 |
| Cash and cash equivalents at 31 DecemberSingapore dollars thousands | 97,260 | 111,498 | PDF p. 76 |
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Definitions & sources
Original report: PDF p. 76 ↗
Historical key financial ratios
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Key financial ratios (%) | |||
| Net interest marginpercent | 2.35 | 2.16 | PDF p. 10 |
| Non-interest income ratiopercent | 2.8 | 5.1 | PDF p. 10 |
| Cost-to-income ratiopercent | 57.2 | 50.9 | PDF p. 10 |
| Loans-to-deposits ratiopercent | 94.5 | 98.7 | PDF p. 10 |
| Non-performing loans ratio | |||
| - Secured by collateralpercent | 4.8 | 5.7 | PDF p. 10 |
| - Unsecured and fully provided forpercent | 0.3 | 0.2 | PDF p. 10 |
| Key financial ratios (%) | |||
| Return on equitypercent | 3.3 | 3.8 | PDF p. 10 |
| Return on total assetspercent | 0.7 | 0.8 | PDF p. 10 |
| Capital adequacy ratiopercent | 27.3 | 25.1 | PDF p. 10 |
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Definitions & sources
Original report: PDF p. 10 ↗
Original decimal precision retained; FY2022 source reports most ratios to one decimal, while the later FY2023 comparison uses two decimals.
Group income — FY2021 source
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Group income — FY2021 original raster | |||
| Interest income and hiring chargesSingapore dollars thousands | 29,623 | 31,438 | PDF p. 59 |
| Interest expenseSingapore dollars thousands | (5,027) | (13,161) | PDF p. 59 |
| Net interest and hiring chargesSingapore dollars thousands | 24,596 | 18,277 | PDF p. 59 |
| Fee and commission incomeSingapore dollars thousands | 372 | 502 | PDF p. 59 |
| Other operating incomeSingapore dollars thousands | 939 | 1,851 | PDF p. 59 |
| Income before operating expensesSingapore dollars thousands | 25,907 | 20,630 | PDF p. 59 |
| Staff costsSingapore dollars thousands | (8,015) | (7,883) | PDF p. 59 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | (1,201) | (1,156) | PDF p. 59 |
| Other operating expensesSingapore dollars thousands | (3,974) | (3,654) | PDF p. 59 |
| Profit from operations before allowancesSingapore dollars thousands | 12,717 | 7,937 | PDF p. 59 |
| Allowances for impairment losses on loans and advancesSingapore dollars thousands | (1,184) | (2,317) | PDF p. 59 |
| Profit before taxSingapore dollars thousands | 11,533 | 5,620 | PDF p. 59 |
| Tax expenseSingapore dollars thousands | (1,915) | (854) | PDF p. 59 |
| Profit for the yearSingapore dollars thousands | 9,618 | 4,766 | PDF p. 59 |
| Earnings per share | |||
| Basic earnings per share (cents)Singapore cents per share | 6.06 | 3.00 | PDF p. 59 |
| Diluted earnings per share (cents)Singapore cents per share | 6.06 | 3.00 | PDF p. 59 |
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Definitions & sources
Original report: PDF p. 59 ↗
Group comprehensive income — FY2021 source
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Group comprehensive income — FY2021 original raster | |||
| Profit for the yearSingapore dollars thousands | 9,618 | 4,766 | PDF p. 60 |
| Items that will not be reclassified subsequently to profit or loss: | |||
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | (1,536) | (6,630) | PDF p. 60 |
| Related taxSingapore dollars thousands | 261 | 1,127 | PDF p. 60 |
| SubtotalSingapore dollars thousands | (1,275) | (5,503) | PDF p. 60 |
| Items that are or may be reclassified subsequently to profit or loss: | |||
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | (5,072) | 2,108 | PDF p. 60 |
| Related taxSingapore dollars thousands | 862 | (358) | PDF p. 60 |
| SubtotalSingapore dollars thousands | (4,210) | 1,750 | PDF p. 60 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | (5,485) | (3,753) | PDF p. 60 |
| Total comprehensive income for the yearSingapore dollars thousands | 4,133 | 1,013 | PDF p. 60 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 60 ↗
Group and Company balance sheet — FY2021 source
18 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and balances with banksSingapore dollars thousands | 114,768 | 181,054 | 114,751 | 180,963 | PDF p. 58 |
| Statutory deposit with the MonetarySingapore dollars thousands | 24,361 | 21,421 | 24,361 | 21,421 | PDF p. 58 |
| InvestmentsSingapore dollars thousands | 130,902 | 125,001 | 130,902 | 125,001 | PDF p. 58 |
| Loans and advancesSingapore dollars thousands | 895,966 | 837,886 | 895,966 | 837,886 | PDF p. 58 |
| Other receivables, deposits andSingapore dollars thousands | 2,318 | 1,867 | 2,317 | 1,867 | PDF p. 58 |
| SubsidiariesSingapore dollars thousands | - | - | 125 | 125 | PDF p. 58 |
| Property, plant and equipmentSingapore dollars thousands | 7,450 | 7,119 | 7,450 | 7,119 | PDF p. 58 |
| Deferred tax assetsSingapore dollars thousands | 1,835 | 720 | 1,835 | 720 | PDF p. 58 |
| Total assetsSingapore dollars thousands | 1,177,600 | 1,175,068 | 1,177,707 | 1,175,102 | PDF p. 58 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 168,896 | 168,896 | 168,896 | 168,896 | PDF p. 58 |
| ReservesSingapore dollars thousands | 87,480 | 85,727 | 85,216 | 83,503 | PDF p. 58 |
| Total equity attributable to owners | |||||
| Total equity attributable to owners of the CompanySingapore dollars thousands | 256,376 | 254,623 | 254,112 | 252,399 | PDF p. 58 |
| Liabilities | |||||
| Deposits and savings accounts ofSingapore dollars thousands | 907,987 | 907,474 | 910,591 | 909,966 | PDF p. 58 |
| Trade and other payablesSingapore dollars thousands | 9,034 | 9,463 | 8,805 | 9,234 | PDF p. 58 |
| Current tax liabilitiesSingapore dollars thousands | 2,636 | 1,993 | 2,632 | 1,988 | PDF p. 58 |
| Staff retirement gratuitiesSingapore dollars thousands | 1,567 | 1,515 | 1,567 | 1,515 | PDF p. 58 |
| Total liabilitiesSingapore dollars thousands | 921,224 | 920,445 | 923,595 | 922,703 | PDF p. 58 |
| Total equity and liabilitiesSingapore dollars thousands | 1,177,600 | 1,175,068 | 1,177,707 | 1,175,102 | PDF p. 58 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 58 ↗
Group changes in equity — FY2021 source / ending 2020
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020GroupShare capital | 2020GroupCapital reserve | 2020GroupRegulatory loss allowance reserve | 2020GroupStatutory reserve | 2020GroupFair value reserve | 2020GroupGeneral reserve | 2020GroupAccumulated profits | 2020GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||
| At 1 January 2020Singapore dollars thousands | 168,896 | 1,353 | 4,026 | 73,028 | 1,047 | 730 | 10,084 | 259,164 | PDF p. 61 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 4,766 | 4,766 | PDF p. 61 |
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | – | – | – | – | (6,630) | – | – | (6,630) | PDF p. 61 |
| Tax relating to items that will not be reclassified to profit or lossSingapore dollars thousands | – | – | – | – | 1,127 | – | – | 1,127 | PDF p. 61 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | 2,108 | – | – | 2,108 | PDF p. 61 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | (358) | – | – | (358) | PDF p. 61 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (3,753) | – | – | (3,753) | PDF p. 61 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (3,753) | – | 4,766 | 1,013 | PDF p. 61 |
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (5,554) | (5,554) | PDF p. 61 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (5,554) | (5,554) | PDF p. 61 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 2,360 | – | – | (2,360) | – | PDF p. 61 |
| Transfer from regulatory loss allowance reserve to accumulated profitsSingapore dollars thousands | – | – | (2,041) | – | – | – | 2,041 | – | PDF p. 61 |
| At 31 December 2020Singapore dollars thousands | 168,896 | 1,353 | 1,985 | 75,388 | (2,706) | 730 | 8,977 | 254,623 | PDF p. 61 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 61 ↗
Group changes in equity — FY2021 source / ending 2021
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021GroupShare capital | 2021GroupCapital reserve | 2021GroupRegulatory loss allowance reserve | 2021GroupStatutory reserve | 2021GroupFair value reserve | 2021GroupGeneral reserve | 2021GroupAccumulated profits | 2021GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||
| At 1 January 2021Singapore dollars thousands | 168,896 | 1,353 | 1,985 | 75,388 | (2,706) | 730 | 8,977 | 254,623 | PDF p. 62 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 9,618 | 9,618 | PDF p. 62 |
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | – | – | – | – | (1,536) | – | – | (1,536) | PDF p. 62 |
| Tax relating to items that will not be reclassified to profit or lossSingapore dollars thousands | – | – | – | – | 261 | – | – | 261 | PDF p. 62 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | (5,072) | – | – | (5,072) | PDF p. 62 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | 862 | – | – | 862 | PDF p. 62 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (5,485) | – | – | (5,485) | PDF p. 62 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (5,485) | – | 9,618 | 4,133 | PDF p. 62 |
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (2,380) | (2,380) | PDF p. 62 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (2,380) | (2,380) | PDF p. 62 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 4,790 | – | – | (4,790) | – | PDF p. 62 |
| Transfer from regulatory loss allowance reserve to accumulated profitsSingapore dollars thousands | – | – | (1,267) | – | – | – | 1,267 | – | PDF p. 62 |
| At 31 December 2021Singapore dollars thousands | 168,896 | 1,353 | 718 | 80,178 | (8,191) | 730 | 12,692 | 256,376 | PDF p. 62 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 62 ↗
Company changes in equity — FY2021 source / ending 2020
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020CompanyShare capital | 2020CompanyCapital reserve | 2020CompanyRegulatory loss allowance reserve | 2020CompanyStatutory reserve | 2020CompanyFair value reserve | 2020CompanyGeneral reserve | 2020CompanyAccumulated profits | 2020CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||||
| At 1 January 2020Singapore dollars thousands | 168,896 | 1,353 | 4,026 | 73,028 | 1,047 | 730 | 7,915 | 256,995 | PDF p. 63 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | – | 4,711 | 4,711 | PDF p. 63 |
| Net change in fair value of equity investments at FVOCISingapore dollars thousands | – | – | – | – | (6,630) | – | – | (6,630) | PDF p. 63 |
| Tax relating to items that will not be reclassified to profit or lossSingapore dollars thousands | – | – | – | – | 1,127 | – | – | 1,127 | PDF p. 63 |
| Net change in fair value of debt investments measured at FVOCISingapore dollars thousands | – | – | – | – | 2,108 | – | – | 2,108 | PDF p. 63 |
| Tax relating to items that may be reclassified subsequently to profit or lossSingapore dollars thousands | – | – | – | – | (358) | – | – | (358) | PDF p. 63 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | – | (3,753) | – | – | (3,753) | PDF p. 63 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (3,753) | – | 4,711 | 958 | PDF p. 63 |
| Dividends declared and paidSingapore dollars thousands | – | – | – | – | – | – | (5,554) | (5,554) | PDF p. 63 |
| Total transactions with ownersSingapore dollars thousands | – | – | – | – | – | – | (5,554) | (5,554) | PDF p. 63 |
| Transfer from profit for the year to statutory reserveSingapore dollars thousands | – | – | – | 2,360 | – | – | (2,360) | – | PDF p. 63 |
| Transfer from regulatory loss allowance reserve to accumulated profitsSingapore dollars thousands | – | – | (2,041) | – | – | – | 2,041 | – | PDF p. 63 |
| At 31 December 2020Singapore dollars thousands | 168,896 | 1,353 | 1,985 | 75,388 | (2,706) | 730 | 6,753 | 252,399 | PDF p. 63 |
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Definitions & sources
Original report: PDF p. 63 ↗
Debt
Borrowings
Group lease liabilities – contractual maturity (31 December
| Item / unit | 2025Group carrying amount, $'000 | 2025Group gross nominal outflow, $'000 | 2025Group on demand/less than 1 month, $'000 | 2025Group within 3 months, $'000 | 2025Group 3 months to 1 year, $'000 | 2025Group 1 to 3 years, $'000 | 2025Group more than 3 years, $'000 | 2024Group carrying amount, $'000 | 2024Group gross nominal outflow, $'000 | 2024Group on demand/less than 1 month, $'000 | 2024Group within 3 months, $'000 | 2024Group 3 months to 1 year, $'000 | 2024Group 1 to 3 years, $'000 | 2024Group more than 3 years, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Maturity analysis of financial liabilities - Group 31 December | |||||||||||||||
| Lease liabilities$'000 | 1,454 | (2,200) | (117) | (233) | (1,049) | (801) | – | 569 | (976) | (99) | (198) | (164) | (424) | (91) | PDF p. 119 |
Notes
Contractual undiscounted cash flows (including interest payments). Carrying amount shown as printed (1,454) on this page; note 13 shows lease liabilities of 1,455. The Group is funded from equity and deposit liabilities; no bank borrowings table disclosed.
Contractual undiscounted cash flows (including interest payments).
Borrowing notes 1 tables
Lease liabilities carrying amount (Trade and other payables note 13)
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Trade and other payables | |||||
| Lease liabilities$’000 | 1,455 | 570 | 1,455 | 570 | PDF p. 107 |
Notes
Lease liabilities are included within trade and other payables. Balances due after 12 months for total payables: Group 1,722 (2024: 1,721).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy (Provision 11.6) | Our dividend policy aims to provide shareholders with sustainable dividend return over the long term by balancing growth with prudent capital management and subject to the profitability of the Group. | Group | PDF p. 71 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| First and final 2.0 cents per qualifying ordinary share (2024: 2.0 cents) | 2.0 cents per share | Group and Company, proposed for FY2025, one-tier tax-exempt | PDF p. 106 |
| Special 1.50 cents per qualifying ordinary share (2024: 1.0 cent) | 1.50 cents per share | Group and Company, proposed for FY2025, one-tier tax-exempt | PDF p. 106 |
| Dividend | 5,554 S$'000 | Group, FY2025 proposed total (FY2024: 4,761) | PDF p. 10 |
| Dividend per share (cents) - tax-exempt one-tier | 3.50 cents per share | Group, FY2025 (FY2024: 3.00) | PDF p. 10 |
| First and final 2.0 cents per qualifying ordinary share (2024: 2.0 cents) | 2.0 cents per share | Group and Company, paid in 2025 (comparative 2024: 2.0 cents), one-tier exempt | PDF p. 106 |
| Special 1.0 cent per qualifying ordinary share (2024: 1.0 cent) | 1.0 cents per share | Group and Company, paid in 2025 (comparative 2024: 1.0 cent), one-tier exempt | PDF p. 106 |
| Payment of the Proposed Dividends | Payment of the Proposed Dividends, if approved by shareholders at the AGM, will be made on Tuesday, 12 May 2026. | FY2025 proposed dividends | PDF p. 136 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Total distribution | The total distribution of 3.50 cents per share for the year will amount to approximately $5.55 million. | FY2025 | PDF p. 71 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
REIT, bank & sector ratios
Key metrics
Bank metrics
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Net interest margin | 2.08% | Group, year ended 31 December 2025; comparative 2024: 1.87 | PDF p. 11 |
| Loans-to-deposits ratio | 93.66% | Group, year ended 31 December 2025; comparative 2024: 95.25 | PDF p. 11 |
| - Secured by collateral | 1.93% | Group, 2025; comparative 2024: 2.70 | PDF p. 11 |
| - Unsecured and fully provided for | 0.12% | Group, 2025; comparative 2024: 0.18 | PDF p. 11 |
| Capital adequacy ratio | 20.82% | Group, as at 31 December 2025; comparative 2024: 24.91% · As at 2025-12-31 | PDF p. 124 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| KPMG LLP | KPMG LLP | Group and Company, FY2025 | PDF p. 80 |
| Engagement partner | Yap Gek Kheng | Group and Company, FY2025 | PDF p. 80 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company, year ended 31 December 2025 | PDF p. 77 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Monetary statements are in Singapore dollars thousands; per-share earnings are Singapore cents. Consolidated Group income/comprehensive income/cash flows and separate Company balance/equity statements are disclosed. Regulatory loss allowance and statutory reserves are distinct equity components.
Five-year financial highlights span FY2021–FY2025. FY2025 dividend5,554thousand/3.50cents is proposed and subject to AGM approval; actual FY2025 paid dividends4,761thousand/3.00cents are separately disclosed.
Return on equity and return on assets use the respective year-end equity and asset amounts, as stated in the original footnotes. Non-performing secured and unsecured/fully-provided ratios are distinct original rows.
Gross loan composition, unearned interest, loan-loss allowance and net lending balances are separately retained. Statutory MAS deposit and fixed deposits beyond three months have distinct cash flow treatment. Statutory reserve and regulatory loss allowance reserve are separate components.
The FY2023 Company equity statement prints opening total equity at 1 January 2023 as249,979thousand, while its component sum and the prior closing balance are249,949thousand. The30thousand original discrepancy is retained. Closing250,920thousand agrees with the components; rolling forward the printed opening total gives250,950thousand.
FY2021 original primary statements preserve FY2020 and FY2021 comparisons with their original Group and Company scopes and SGD thousand units. The corresponding FY2021 comparison figures in the FY2022 original are independently reconciled.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.