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Bank Mandiri's 1H16 net profit plummets 31.5% YoY to US$543m
Bank Mandiri's 1H16 net profit plummets 31.5% YoY to US$543m
Find out where the earnings drag came from.
DBS' FY16 profits to be hit hard as Singaporean offshore company winds up
The bank declared a whopping $700m exposure.
OCBC’s net profit plummets by 15% to $885m in 2Q
On back of lower insurance income.
UOB’s net profit jumps by 5.1% to $801m in Q2
Thanks to its rising non-interest income.
CIMB likely to fall short of its 10% loan growth target this year
Loan growth in 1Q16 was a mere 5.6%.
Bangkok Bank's net profit plunges 14% in 2Q16
Investment gains also declined 97%.
OCBC merges two banking subsidiaries in China to establish OCBC Wing Hang China
It aims to comply with China’s single presence policy.
Why DBS isn’t fazed by its slowing loan growth
It isn’t too exposed to China trade loans.
Over 4 in 5 of Singapore’s affluent middle class rely on banking apps: report
The pressure is on banks to roll out loyalty incentives.
Singapore makes RMB investments part of official foreign reserves
There is growing international acceptance of the RMB.
StanChart inks multi-market alliance with Hong Kong Disneyland
It will benefit clients in seven markets.
Philippines’ BDO teams up with Japan’s Aozora Bank
For investment, corporate banking.
Top 3 security threats to watch out for in 2016
Are firms prepared for these?
OCBC launches integrated wealth management mobile app
OneWealth provides easy access to market information.
Standard Chartered launches Retail Workbench in Asia
Clients in Malaysia and India can now bank on their iPads.
DBS launches second run of pre-accelerator programme for startups
Applications are accepted until 1 April 2016.
UOB to invest US$10 million in global equity crowdfunding platform OurCrowd1
This collaboration is OurCrowd’s first foray into Asia.
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1. Banking turmoil from Indonesian SWF flagged 2. How embedded finance and AI are reshaping Malaysia’s finance sector 3. CIMB pledges S$2.98b to support Johor-Singapore SEZ 4. DBS and OCBC expected to report lower margin in Q1 on SORA easing 5. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loansResource Center
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Why high capital levels are a double-edged sword for Singapore banks