Singapore
OCBC leads regional sustainable finance rankings in 2024
OCBC leads regional sustainable finance rankings in 2024
As of September 2024, the bank’s sustainable finance loan commitments reached $64.7b.
StanChart adopts ICC principles for sustainable trade finance
The principles include a standardised approach to assess how proceeds were used.
Singapore marks completion of transition to SORA
Over 87,000 retail loans were transitioned to the new benchmark rate.
OCBC logs 8% net profit rise to S$7.59b in FY2024 on higher wealth income
Its earnings per share is S$1.67, and total dividend is S$1.01.
Enhanced bourse appeal may lift Singapore’s investment banking space
Efforts to reform the stock market could also benefit wealth management income.
Manulife, Maybank unveil new retirement investment plan
The plan utilised a glide path approach, which adapts to a client's evolving needs.
Here’s how UOB plans to grow its loans and ROE
The Singapore bank is relying on growth from its ASEAN 4 markets.
Trust Bank reaches 1 million customers, unveil TrustInvest
Its revenue is S$97m for 2024.
MariBank launches new investment offering
The Mari Invest Income offers zero transaction fees with S$1 minimum investment.
Singapore’s business support measures to sustain banks’ asset quality
Wealth management income will benefit from stock exchange-related incentives.
UOB net profit rises 6% to $6b in FY24
It will return $3b to shareholders over the next three years.
ABS warns of rise in card phishing scams
Banks will roll out additional verification, the ABS said.
DBS names new group heads of corporate & SME arm, operations
Chen Ze Ling and Welson Jamin will take over the roles, respectively.
Loan matching platform Lendela names new CFO, CTO
Lendela is planning to scale business across Hong Kong and APAC.
Straits Millennium obtains IPA for SG major payment institution licence
The company will offer digital payment token services in Singapore.
Citi eyes 10% increase in social finance funding in Asia
Over $2b in social finance transactions were raised in Asia in 2024.
Singapore unveils BL checker for banks
Banks can automatically retrieve data points to verify if the Bill of Lading is genuine.
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1. DBS and UOB earnings to show impact of SORA, credit costs 2. ANZ rolls out home loan policy changes to aide self-employed Australians 3. DBS’ net profit flat in H1 despite higher tax expenses 4. Hong Kong banks lose top talent with drawn-out hiring steps 5. BRI’s asset quality deterioration have likely peaked: UOBKHResource Center
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