Singapore Banks
Singapore’s financial sector turns to contract hiring for cost control
Singapore’s financial sector turns to contract hiring for cost control
Hiring processes have become lengthier as employers consider cultural fit and regulatory compliance.
Singapore bank profits to peak in 2023, but high rates will dampen lending
Margins will peak mid-year, but loan demand is falling.
Over 75% Singaporeans ‘definitely’ want better online banking services
The majority of Singaporeans now use mobiles apps for bank services.
Singapore big three banks poised for earnings growth
UOB, OCBC, and DBS have strong non-interest incomes.
DBS raises fixed home loan rate, scraps 5-year fixed package: report
The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.
Singapore banks report lower earnings in unison
DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.
Singapore's carbon tax hike to leave massive economic impact: banks
Power generation, manufacturing, transport industries will be the most impacted.
OCBC’s net profits up 19% to S$1.22b in Q3
Net trade income plunged 67%, slightly offset by stronger net fees and commissions.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
