Singapore
UOB profits down 11% to S$906m in Q1 amidst market volatility
UOB profits down 11% to S$906m in Q1 amidst market volatility
Loan fees grew, but credit card and wealth fees recorded declines.
OCBC reports S$1.36b net profit in Q1
Profits were 10% lower than last year, but 39% higher than Q4 2021.
DBS posts US$1.3b net profit in Q1, second-highest on record
Wealth and investment banking fees were lower after 2021’s exceptional year.
6 in 10 Singaporeans have high trust in banks
Only 5% have low trust in the banking industry.
DBS, Manulife Singapore launch insurance starter plan ProtectFirst
Customers can choose from three plans that focus on illness, life protection, or accident coverage.
Singapore standardizes template for corporate environmental risk assessment
A workgroup composed of Citi, DBS, HSBC, OCBC, StanChart, and UOB worked on the questionnaire.
Trading risks to weigh on Singapore Big Three Banks’ Q1 earnings: Maybank
But core businesses are expected to show resilience.
Thunes takes majority stake in anti-money laundering tech firm
The global payments firm is investing $20m.
Citi unveils 12-week sabbatical leave programme for long-time employees
The programme is available to employees in Singapore, Hong Kong, and Japan initially.
Citi launches its Sustainable Trade and Working Capital Loans solution
It aims to give liquidity for international trade finance activities and other commercial activities.
Hugosave secures MPI licence from MAS
The company can now offer services exclusive for MPI licence holders.
Crypto and DeFi cannot circumvent Russia financial sanctions: MAS
The regulator said appropriate measures will be taken for FIs who will breach these sanctions.
Four in five Singaporean Gen Z have tried to go fully cashless: Visa
And 6 in 10 SG consumers tried to go cashless in bills payment.
Fintech Pace launches BNPL payment card in Singapore
Consumers can use the card for online purchases with Pace merchants.
MAS, BIS develop prototype supervisory analytics platform
Project Ellipse aims to identify potential risks to individual banks and the banking system.
UOB chief’s salary climbs to S$10.9m in 2021
The group also reported a 40% surge in net profits for 2021.
Fintech Ant Group appoints new general manager for SEA
Jia Hang will be based in Singapore.
Thought Leadership Centre
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