UOB

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.

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...

Sibor dive triggers fresh battle in mortgage rate cuts

BANKS are revising their home loan offerings by increasing spreads in their floating rate packages while lowering their fixed rates as the Singapore inter-bank offered rate (Sibor) plunged in...

UOB, OCBC unveil relief measures for Malaysia customers as coronavirus outbreak worsens

UNITED Overseas Bank (UOB) and OCBC Bank on Friday announced a slew of relief measures for its customers in Malaysia who are affected by Covid-19, as the virus outbreak situation in the country...

UOB's worst-case credit costs projected to 90-100 bps amid virus fallout, says Citi report

UOB has projected for credit costs to reach 90 to 100 basis points (bps) as its worst-case scenario, as the lender braces for further downside amid the virus fallout.

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...

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)...

Banks, telco, property firms help businesses hit by covid-19 outbreak

BUSINESSES in Singapore facing cashflow and financial constraints due to the novel coronavirus may find some respite in new initiatives announced this week.

UOB sets aside S$3b as relief assistance to SMEs

UNITED Overseas Bank (UOB) on Wednesday said it has set aside S$3 billion to provide companies in Singapore, especially small- and medium-sized enterprises (SMEs), with relief assistance to tide over...

Budget for uncertain future on the cards: UOB

The Budget this year is expected to be an expansionary one, addressing issues such as rising needs in healthcare and education while steering Singapore through a global landscape fraught with...

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...