BANK RESULTS

OCBC took a knife to its offshore support vessels exposure, providing in full against bad loans for what Citi Research calls a "legacy book", and crunching its exposure down to negligible levels...

OCBC's Q2 net profit fell by a larger-than-expected 40 per cent after it took S$350 million in provisions to write down the carrying value of the existing offshore support vessels (OSVs) that back...

SHARES of local banking trio rose on Thursday, as investors found some cheer from conservative provisions set aside by DBS and UOB and an unchanged outlook guidance in their latest quarterly...

BANK RESULTS

DBS chief Piyush Gupta expects top line and net interest margin (NIM) - a key indicator of profitability for banks - to deteriorate over the rest of the year as it battles interest rate headwinds...

BANK RESULTS

UNITED Overseas Bank (UOB) has set up restructuring teams to assess borrowers who have taken a debt holiday amid the gradual unwinding of government relief measures as the year end approaches.

SHARES of local banking trio rose on Thursday, as investors found some cheer from conservative provisions set aside by DBS and UOB, and an unchanged outlook guidance in their latest quarterly...

UOB has set up restructuring teams to assess borrowers who have taken a debt holiday amid the gradual unwinding of government relief measures towards the end of the year. 

DBS chief Piyush Gupta expects top line and net interest margin (NIM) – a key indicator of profitability for banks – to deteriorate over the rest of the year, as the full impact of interest rates...

VIRUS OUTBREAK: BT EXCLUSIVE

HOME buyers are reportedly facing tighter credit assessment when they apply for mortgages - especially if they work in sectors that have been severely affected by Covid-19.

THE Monetary Authority of Singapore (MAS) will prescribe the Singapore Overnight Rate Average (SORA) as a financial benchmark under the Securities and Futures Act (SFA), as well as enhance its...