Frances Gagua

It attributed this to the “recent spate of competitive rising rates by local banks.”   RHB Singapore has joined the bandwagon of local banks that have raised the interest rates for their deposit accounts.

BOC’s NPL ratio for mainland real estate loans rose 62 basis points in H1.

It identifies possible problems in the future payment based on previous data from 9 billion transactions.

Impact of rising interest rates in the US will be mixed, the ratings agency said.

It has launched a savings account with a customizable pockets feature.

Interim dividend for the period is 13 sen per share.

Interim dividend is HK$0.447 per share.

The facility is collateralized by SME loans by Validus’ Singapore arm.

It made use of the GRI Standards.

It will raise the company’s total capital stock to KRW1.35t.

It will reopen on 31 August.

Digital sales rose to a new record, but could not offset fall in branch sales.

Its net interest margin is expected to be 3% over the next two years.

Approximately 2,300 employees will be affected, according to the bank.

SCBX said that Bitkub needs time to fix its issues with the local regulator.

Fee-based income rose, but group braces for expected credit losses.