United Overseas Bank (UOB)

Manufacturing activity grew at a faster pace in August than the previous two months.

The banks are expected to register a “record quarterly decline” in net interest margins (NIMs) in the quarter.

Management expects credit costs to rise to about 50 to 60 basis points in FY20, the brokerage points out, following a conference call with UOB Malaysia’s (UOBM) CFO Chang Yeong Gung.

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries.

CapitaLand and its real estate investment trusts have raised over $2.42 billion through sustainable financing instruments

In a recent press release by Accenture, a consultant suggested four key areas that demand banks attention: Credit management, revenue compression, customer service and operating models adjustment and innovation. These four areas are in

The three local banks have taken slightly different approaches to pro-visioning and dividends. Credit costs are allowances or provisioning for both impaired and non-impaired loans. The relationship between how these allowances are cal

The loans were extended to UOB’s mid-sized clients in sectors that have suffered damaging impact from Covid-19.

All three of Singapore’s banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fueled economic slump.

SINGAPORE (April 22): The bankruptcy filing by Hin Leong Trading (HLT), a major oil trading firm in Singapore, is set to hit the three local banks, according to Phillip Securities.