News

Loans to SMEs by SOCBs dropped to -4% in 2018 from 12% the previous year.

Bad loans grew 16.17% even as total loans rose 13.6%.

Loans-to-deposit ratio rose 94% in 2018 from 89.6% the previous year.

With average loan sizes of US$35,000-200,000, farming remains the main opportunity.

Net income from Hong Kong, China and Vietnam rose sharply.

Shadow banking assets fell to around 68% of GDP in 2018.

Tracey Davies, President of Money20/20, and founder of the Rise Up initiative, outlines the five ways the program empowers women at work as the initiative comes to Singapore.

Underperforming lenders may be requested to close down branches.

The rise of mobile and online banking meant less branch staff.

UBS faces the highest fine of $47.77m.

The IFRS9 will require banks to set aside for anticipated losses.

The loan growth of commercial banks hit 17-18% on average.

They are also calling for commercial banks to expand beyond traditional banking.

Entries will be accepted until 10 May.

Customers had to pay for services they did not receive.

P2P financiers dispersed $1,400 in loans in December.