Singapore
Hong Leong Finance anticipates lower net profit in Q2
Hong Leong Finance has reported a decrease of 17.8 % in its second-quarter net profit to S$26.3 million, down from S$32 million from the same quarter last year.
Hong Leong Finance anticipates lower net profit in Q2
Hong Leong Finance has reported a decrease of 17.8 % in its second-quarter net profit to S$26.3 million, down from S$32 million from the same quarter last year.
Singapore's Citigroup, DBS maintain credit lines with French banks
Citigroup Inc. and DBS Group Holdings announced that they haven’t cut credit lines to French lenders.
StanChart Singapore pre-tax profit up 11% to $465mn
The lender’s units in Singapore were its second largest contributor after Hong Kong in the first half.
HSBC appoints Paul Arrowsmith as Head of Retail Banking and Wealth Management
He will be reporting to Alex Hungate, General Group Manager and CEO in Singapore.
Basel III poses significant changes to Asian credit
Credit Risk Asia aims to explore how redit risk management, measurement and modeling will change under Basel III.
OCBC increases 2nd quarter net profit by 15%
Oversea-Chinese Banking Corporation Limited 's second quarter grew by 15 % year on year to 577 million Singapore dollars or US$476.9 million.
Chinese banks pursue full bank licenses in Singapore
Chinese officials urged Singapore to consider issuing Qualifying Full Bank licenses to the Singapore branches of two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China.
Why retail lending origination excellence is important in Asia
Across Asia in recent years, consumer demand for credit cards, unsecured loans and mortgages has increased substantially. With positive demographic changes and favourable economic conditions, it is expected this growth will continue at pace.
Asian banks ‘breeze through’ Basel III implementation
Global regulators have proposed new liquidity and capital rules, known as Basel III, with the goal of reducing the likelihood of another financial crisis. These regulations will affect European and North American banks far more than their Asian counterparts, for three main reasons.
Agility: The new competitive edge
The impact of the last financial crisis continues to have a profound effect on the revenue streams, cost structures and profitability of the asset management industry.
DBS returns to green with $610mn second quarter profit
Singapore lender DBS Group Holdings Ltd. says it returned to profit in the second quarter despite slumping fee and trading income.
Singapore banks’ loan growth jumped 20% in 5 months
Kim Eng says DBS may profit the most with $719m in 2Q11.
Asian Banking & Finance Retail Banking Awards 2011 winners announced
The region's best banks were recognised at this year's awards held in Singapore. More than 150 bankers from around Asia were on hand to cheer on the winners at Asia's most prestigious retail banking awards.
United Overseas Bank to beef up private banking unit
The lender seeks to add its private bankers to 200 by 2016 from more than 40 at present to tap Singapore’s growing ultra-rich population.
DBS Bank targets to step up India presence
The lender to set up four branches immediately after India’s central bank gives nod to expansion plan.
Temasek still keen on China despite $3.6bn shares sale
China accounts for 20% of the Singapore state investor’s portfolio despite sale of shares in two Chinese banks.
StanChart appoints Neeraj Swaroop as Southeast Asia head
Current India and South Asia chief may relocate in next three months to Singapore, replacing Ray Ferguson.
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