Financial Services

OCBC profit up 29% to $1.11b in Q1

Higher income from wealth segment and loan related activities buoyed earnings.

Sluggish approval rates dampen loan growth in Malaysia

Loan approvals on a 3M MA basis fell from 12.6% to 5% in March.

Growing property exposure pose risks to Philippine banks

CAGR of real estate loans stand at 22% from 2012-2017 versus overall loan growth at 17%.

India's private banks profit from demonetisation drive

The country’s ultra wealthy are shunning property and gold and turning to equity and debt investments.

Chinese banks' assets plunge to single digits in 2017 as loans take over

Intense shadow banking crackdown has reinvigorated on-balance-sheet activity.

Can tighter oversight rein in risks in Singapore's booming invoice finance market?

The industry’s unregulated nature renders investors vulnerable as revealed by a massive S$6.9m fraud case.

Great Eastern Holdings Q1 profits surged 68% to $152.9m

It attributed the growth to higher profit from its Singapore insurance business.

MAS imposes 4-year prohibition order on ex-Credit Suisse rep

Lim Fang Wee hid the identity of the owner of 3 accounts from the bank.

UOB profits jumped 21% to $978m in Q1

Its record high earnings were boosted by higher incomes from interest and fees and commissions.

MAS requires over-the-counter derivatives trades to be centrally cleared

Banks with $20b OTC derivatives will be required to clear their trades through regulated counterparties.

Can Indian banks weather the last wave of bad loan resolution?

Profitability is set to suffer but cleaner balance sheets will produce benefits in the long-run.

Singapore bank lending up 5.4% in March

Thanks to sustained demand for home and corporate loans.

Marvelstone opens Smart City Innovation Lab in Singapore CBD

The facility will focus on fintech, blockchain, and AI for 20,000 startups and institutions.