Knowing Who to Lend To: derived figures for ten digital banks in five markets, 2024–2025
Description
Companion dataset to the working paper "Knowing Who to Lend To" (SSRN 7333618). Contains every ratio computed in the paper with the inputs behind it and the source document for each: cost of credit, deployment, cost-to-income, loan yields, secured and unsecured exposure, stage coverage, origination shares, credit quality and capital positions, across ten digital banks in Singapore, Korea, Australia, the United Arab Emirates and Brazil. Blue figures are inputs taken from source documents; black figures are computed and recalculate if an input changes. The underlying filings are not included: the Sources sheet names each one and where to obtain it. Version 1.0, updated annually as the filings are released.
Files
Steps to reproduce
Every figure in this dataset is derived from documents published by the banks themselves or lodged with their regulators. To reproduce it: Obtain the source documents named on the Sources sheet. For the five Singapore banks these are the audited financial statements for the years ended 31 December 2024 and 31 December 2025, obtained from the company registry, together with the Pillar 3 disclosures published under MAS Notice 637. For the comparators they are the banks' own results releases, management disclosures and, for Nubank, the annual report on Form 20-F. Locate each input using the "Where in the document" column on the Sources sheet, which names the statement or note each figure comes from. The blue figures in the workbook are those inputs, entered directly. The black figures are computed by the workbook and will recalculate if an input is changed. The definitions used are on the README sheet. Cost of credit is the annual credit impairment charge divided by the average of opening and closing net loans. Deployment is net loans and advances divided by customer deposits at year end. Cost-to-income is operating expenses divided by operating income. Origination share is the allowance raised on lending originated in the year divided by the total charge for that year. Singapore banks are reported at entity level throughout so that all five are compared on the same basis. Where a figure is available only at group level it is marked as such and is not compared with entity-level figures.