As one of the key pillars of Singapore’s economy, the construction industry is poised for significant growth in the coming years, driven by substantial investments in industrial, commercial and sustainable projects. However, these promising opportunities come with several constraints.
The building and construction industry relies heavily on deposits and cash for financial stability, funding construction projects, and effectively managing cash flow. As such, deposits play a critical role in ensuring that construction companies can meet their financial obligations and navigate the challenges of this dynamic and cyclical sector.
Faced with challenges such as labor shortages, issues with cash flow, and payment management, we understand that companies are actively seeking solutions to expand their businesses and improve productivity.
Whether you are involved in construction, renovation contracting, systems installation, material supply or equipment leasing, let us assist you with tailored solutions for your business.
How Our Products Can Benefit You
Our Trade Financing solutions provide short-term financing options for construction businesses. These options enable you to effectively manage working capital gaps, alleviating pressure on your cash flow and unlocking funds for building materials.
Take advantage of our Project Loan under the Enterprise Singapore Government Assisted Scheme, designed to support the fulfillment of your domestic or overseas projects as you expand and venture into new markets.
Safeguard your business from disruptions with our comprehensive range of insurance products. Our Life Insurance solutions ensure business continuity in the event of an unexpected loss of a keymen by providing access to a large reservoir of cash reserves with adequate liquidity. Additionally, receive a lifetime income with our Endowment Plans, allowing you to optimise your financial strategy.
Strengthen your company's financial position with our interest-bearing Deposit options. Earn returns on idle funds that can be reinvested into the business or allocated to additional projects, ultimately improving your company's financial stability.
Experience the convenience and efficiency of our PayNow, Mobile & Web Banking services through REFLEX, designed to help you manage your finances more effectively and facilitate seamless payment transactions in the dynamic construction environment.
With our dedicated team specialised in working with construction companies, we understand your needs and can help take your business to unprecedented heights.
Let us be the foundation for construction success. Connect with us today to discover how we can help you build a strong, more profitable future.
This advertisement has not been reviewed by the Monetary Authority of Singapore.