Staff Reporter
MAS extends facility to support bank lending to SMEs
MAS extends facility to support bank lending to SMEs
This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.
Weekly Global News Wrap: Commerzbank profits better-than-expected; Goldman Sachs raises financial targets
And US investment banks turn bullish on China.
UOB prices planned A$900m floating rate notes at 0.72% per annum
Its maturity date will be five years from the date of issue.
Dah Sing Bank temporarily closes Causeway Bay Branch
A branch staff member tested positive for COVID-19.
Taiwan SME loans reach $310b in December 2021
The FSC also reported numbers on credit card, cash card, and e-payment businesses.
DBS rolls out cybersecurity training course for 280,000 SMEs
The two-hour course is made up of 10 modules.
China’s card payments market to hit $34t by 2025
The market is expected to register a strong growth of 17% in 2022.
Industrial Bank of Korea fined $3.93m for selling fraudulent funds
IBK sold fraudulent funds of Discovery Asset Management, according to FSC.
Scammed? OCBC Bank clients can activate 'kill switch' to freeze accounts
This includes access to current/savings accounts, ATMs, debit/credit cards, and digital banking.
Chart of the Week: Singapore card payments value to grow 8% in 2022
Contactless cards are a key driver of growth.
UOB net profits jump 40% to S$4.075b in 2021
Wealth management and loan fees hit record highs.
Maybank Asset Management Malaysia launch Shariah-compliant retirement solution
The funds aim to achieve a 6% to 8% return per annum.
Philippine banks’ credit costs to further decline in 2022
Profits are expected to strengthen throughout the year as the economy recovers.
Bank of the Philippine Islands’ asset quality is on the path for improvement: S&P
The bank’s non-performing loans ratio is expected to further decline in 2022.
Low-code/no-code technology elevates financial processes
Labour-intensive tasks become a thing of the past as citizen developers create custom solutions with Intelligent Automation.
UnionBank joins sandbox for digital currency use
The sandbox will evaluate CBDC use cases.
DBS posts record S$6.8b net profits in 2021
Loan growth was at its highest in seven years.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
