Singapore
UOB extends $2.83b in loans to mid-sized enterprises
UOB extends $2.83b in loans to mid-sized enterprises
The bank also tapped MAS SGD Facility to help clients access funds at lower interest rates.
Singapore's MAS extends scope of loan deferments
Starting 6 May, individuals with specific loans may apply to defer repayments until 31 December.
Coronavirus triggers switch to contactless payments in APAC
Health concerns made contactless payments more favourable to consumers.
DBS unveils customised digital financial planning tool
It is integrated into the DBS/POSB internet banking app.
Pandemic's impact on APAC banks to stay ‘longer than expected': Fitch
Downturns will be steeper than a normal cyclical downturn and stay until 2021.
Digital banking to flourish in APAC by 2025: study
Over three-fifths of clients are willing to switch to neobanks.
Singapore lenders to report healthy Q1 loan growth as firms amp liquidity
But credit charges are expected to rise further.
Weekly Global News Wrap: Tech issues hamper US banks' bid for $310m small firms aid; EU floats relief to support extra lending
And Allianz inks bancassurance deal with BBVA.
Chart of the Week: Japan's card payments to grow 2.6% in 2020
ATM cash withdrawals are expected to fall by 5.5% during the year.
OCBC Singapore to hand out $698m in SME loans by 30 June
The bank will pass all cost savings to SMEs by lowering the interest rate.
Weekly Global News Wrap: World's ten largest banks sued for rigging US bond market; Banks want Europe to mimic US capital easing
And Credit Suisse gets approval to take a majority stake in a Chinese investment bank.
Bottomline: An all-access pass to the global payments' highway
As new payment networks emerge, banks are seeing transactions move beyond SWIFT and traditional payment methods.
Singapore regulator urges clients to refrain from visiting financial firms
They are encouraged to use digital channels for their financial needs.
Singapore's big three banks to average 38% fall in Q1 earnings: analyst
Margins are expected to shrink 6-10 bps compared to Q4 2019.
Sumitomo Mitsui Financial Group to halt funding for coal plants
This marks the 18th global financial institution to exclude coal for funding in 2020.
DBS to hold annual general meeting digitally on 30 April
It will focus on the agenda indicated in the original 9 March notice.
Weekly Global News Wrap: Global investment banks may consolidate; EU banks' profits still vulnerable despite buffers
And JPMorgan and Wells Fargo record steep Q1 profit declines.
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1. OCBC new investors triple as bank braces for 2026 gold, silver uptick 2. How digital payments are forcing QSRs to rebuild checkout and staffing 3. DBS pilots Visa Intelligent Commerce for agent-initiated payments 4. Japanese banks face bond yield shocks as yields hit 2.23% 5. BEA’s profit down 24% to $447.87m in 2025 as China losses mountResource Center
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