Virus outbreak a wild card for Singapore banks' bad loan buffers

SINGAPORE banks have guided on the size of provisions that can cover the impact from the Covid-19 outbreak ahead, but analysts say the lenders may have to stomach more if the disruption to supply...

Higher costs seeping into supply chains with virus outbreak: OCBC

DISRUPTIONS to regional supply chains amid the Covid-19 outbreak have bumped costs up by almost 20 per cent for some traders and distributors as they scramble to find alternative suppliers outside...

Singapore banks to see loan growth rate halved this year from coronavirus: Fitch Solutions

[SINGAPORE] Singapore banks' loan growth will slow to 1.5 per cent in 2020, down from 3.1 per cent last year, given the stiff economic headwinds facing Singapore from the coronavirus (Covid-19)...

Virus outbreak to take centre stage at local banks' FY19 results briefings

THE focus of the upcoming Singapore banks' results will likely centre on the impact of the deadly novel coronavirus outbreak, with global growth expected to slow as China - the world's second...

OCBC, Keppel, Validus tie-up closes door on digital bank bid

A PROMINENT consortium comprising OCBC, Validus Capital, Keppel Corporation and Vertex Ventures has decided against applying for a digital wholesale banking licence, BT understands.

Life after Permata: What's next for Singapore banks in their M&A strategy?

SINGAPORE'S Big Three banks are likely to persist in their quest for growth in the coming year through potential mergers and acquisitions (M&A), even as OCBC and DBS recently bowed out of the...

Financial institutions hike fees, lower fixed deposit rates

BANKS have been hiking fees - a move that could help cushion the expected compression in their interest income - as analysts expect fee income contribution to rise for local banks.

OCBC, DBS take top two spots in regional sustainable finance league table

OCBC Bank and DBS Bank have placed first and second in Bloomberg's 2019 mandated lead arranger (MLA) league table for green loans and renewable energy loans.

OCBC revs up data engine for edge in financial management

SINGAPORE'S second-largest bank OCBC is using more data analytics to take a bigger chunk of the mass affluent market, said a senior executive.

Tiong Seng secures S$125m in green facilities from OCBC, DBS

MAINBOARD-LISTED Tiong Seng Holdings has secured S$125 million worth of green loan and environmental performance-linked facilities from OCBC Bank and DBS Bank respectively.

DBS and OCBC tie up with tech giant Google

DBS and OCBC Bank are tying up with tech giant Google.