OCBC

OCBC sees no long-term impact from Covid-19 on sustainable financing ambitions

COVID-19 will not have a long-term impact on OCBC's sustainable financing ambitions, even as companies' attentions are now diverted to immediate issues as they struggle with the pandemic fallout...

OCBC survey finds Singaporeans and PRs facing financial stress over Covid-19

FINANCIAL stress since the "circuit breaker" was imposed appears to have caused many Singaporeans to shelve or reduce their retirement savings, a survey by OCBC has found.

OCBC expects credit costs from Covid-19 impact to be higher than during GFC

OCBC'S group CEO Samuel Tsien expects cumulative credit costs to be between 100 to 130 basis points (bps) over the next two years - higher than during the global financial crisis (GFC) and similar...

Singapore banks brace themselves for tough months ahead

SINGAPORE banks posted lower earnings in the first quarter after bulking up their provisions to cushion against economic stresses brought on by the virus outbreak, and against some of their oil-...

More donations needed as Singapore sinks deeper into recession

MASSIVE job cuts are tipped to swell the ranks of the needy, requiring more charities to chip in to help build a multi-stakeholder front.

Seniors taking to online banking; challenge is to keep them hooked post-pandemic

MORE seniors have turned to online banking amid tighter curbs to stamp out Covid-19 in Singapore, but the challenge is in maintaining this shift for the long run, said OCBC's head of e-business...

Singapore banks put to another major test on O&G exposure

WITH oil trading giant Hin Leong making headlines amid the recent collapse of oil prices, the Singapore banks are set to take charges against their broader exposure to the oil-linked sectors but...

Virus-battered smaller businesses flood banks with loan applications

SINGAPORE'S Big Three banks saw a surge in enterprise loan applications in the past two months, with the majority of requests coming from micro and small businesses under siege from the virus...

Central banks' rate cuts cascade down to Singapore banks' key deposit accounts

SINGAPORE banks this week slashed several rates on their flagship deposit accounts, reflecting the weaker rate environment globally.

Across vintages, SMEs to seek liquidity buffer for long winter

SEASONED small- and medium-sized enterprises (SMEs) that have weathered cycles through the years are assessing their liquidity while on good credit standing, even as they have an estimated 30-40...

Banks should stop share buybacks and cap their dividends

THREE weeks ago, I said in this column that I would be a buyer of Singapore bank stocks if they traded below their book values. When the buying opportunity that I defined presented itself recently...