Singapore
DBS net profit down 3% in H1, but Q2 profits second-highest in history
The bank is expected to benefit from rising interest rates, says CEO Piyush Gupta.
DBS net profit down 3% in H1, but Q2 profits second-highest in history
The bank is expected to benefit from rising interest rates, says CEO Piyush Gupta.
OCBC net profit rose 7% to S$2.83b in H1
This was buoyed by higher net interest, although non-interest income fell during the period.
MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services
The MOU was signed in the presence of India’s prime minister Narendra Modi.
MAS’s framework for loss-sharing for bank scam victims “taking longer than expected”
Singapore’s financial regulator expects to publish the draft framework in the coming months.
How Singapore survived the global fintech funding fall
In Q2, the country's global market share by deal value jumped to 6.4%.
Investment to Singapore fintechs in Q2 down 55% from Q1
Blockchain & Crypto firms snagged the lion's share of deals, but enthusiasm may wane amidst new regulations.
How Singapore banks are closing the gender gap
Most banks have already exceeded the 2021 regional average of 18.5% employed women per firm.
30% of Singaporeans to have digital bank accounts by 2023
In 2022, the percentage of adults who have a digital bank account climbed to 21%.
Singapore’s credit, charge card payment market to grow 6.5% through 2025
The value of debit card payments will grow by 7.2% in 2022.
OCBC, Standard Chartered complete 30-year SORA OIS trade
The 30-year SORA OIS trade was the first transaction cleared by LCH.
Singapore big three banks poised for earnings growth
UOB, OCBC, and DBS have strong non-interest incomes.
Small step for Green Link Digital Bank, large leap for Singapore MSMEs
Size does not matter for Singapore’s newest wholesale digital bank.
1 in 10 Singaporeans defer loan repayments
Majority plan to boost investments and savings.
1 in 5 affluent Singaporeans defer loan repayments, mull switching banks: survey
Over 40% of mass affluent bank customers saw their incomes decrease.
Fintech YouTrip launches online travel insurance in platform
The company’s business reportedly grew four times in Q2 compared to 2021.
DBS vs OCBC: Which bank will be the bigger winner from an upcycle in interest rates?
An analyst said one of the banks will have an earnings growth of 15.9% in 2023.
DBS raises fixed home loan rate, scraps 5-year fixed package: report
The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.
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