Frances Gagua

Increased demand for cross-border transactions of securities drove the growth.

The deposit rate is now 0.75% per annum.

The bank said that it will never ask customers to give their personal information through embedded links.

All of Citi’s mutual fund sales team members in the region report to her.

Net interest margin improved 7bps in the six months ending 31 March 2023.

The bank’s parent company will also enjoy income growth from outside Australia.

It will take effect on Monday, 8 May.

Over 7 in 10 loans made by banks are extended to corporates– leaving 15 million SMEs and self-employed workers with little access to traditional finance.

Its standardised base rate will now be 3%, whilst base lending rate is 6.72%.

Traditional institutions need to utilise constant, real-time data flow that generates insights on the fly. 

It is increasing its workshops to thrice a week from only twice a month.

This comes after the bank onboarded 100,000 people in 10 days after launch.

Profits include a provisional gain of $1.5b from SVB Bank UK acquisition in March.

Board has declared a dividend of SGD 42 cents per share.

The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said.

Its loan balance has surpassed HK$1.3b as of end 2022.