Singapore banks

Singapore business loans fall further in May amid downturn

BUSINESS loans in Singapore extended its slide in May, mainly dragged down by weaker loans to financial institutions and general commerce, fresh data from the Monetary Authority of Singapore...

Singapore bank lending falls for third straight month in May: MAS data

BANK lending in Singapore fell 0.6 per cent in May from a month ago on the back of broad weakness across all segments, preliminary data from the Monetary Authority of Singapore showed on Tuesday.

Banks eye permanent telecommuting for some staff

MOST bankers will not be flocking back to their offices as Singapore eases out of its partial lockdown this week, with major banks here looking to maintain their current work-from-home...

For banking to go digital, the first steps need to begin with empathy

IT SEEMS like a natural course correction with the virus outbreak. As banks have to limit physical interactions with customers, more transactions are moving online.

Dialling up the future of call centres at banks

HERE'S a peek into the future of customer centres at banks. An online transaction fails to go through, and right there and then, the bank will send the customer a chat message, a text, or an e-...

DBS to hire over 2,000 this year despite pandemic

SOUTH-EAST Asia's largest lender DBS on Thursday said it is committed to hiring more than 2,000 people in Singapore this year, notwithstanding the current economic downturn caused by the Covid-19...

POSB aims to bank all migrant workers by end-2020

DBS's POSB has recorded a jump of almost four times in the number of account openings for migrant workers in the month of April, as the Covid-19 pandemic adds to the urgency for migrant workers to...

POSB sees migrant worker account openings surge amid virus outbreak

DBS’s POSB has recorded a jump of almost four times in the number of account openings for migrant workers in the month of April, as the Covid-19 pandemic adds to the urgency for migrant workers to...

Singapore watching tightness of USD amid higher demand

SINGAPORE's position as a financial centre backing trade flows in emerging Asia speaks to the urgency of securing ample access to the greenback here, amid global dollar tightness in recent months...

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-...