Financial Services

Agressive regional expansion by banks fraught with risks

S&P warns banks in Singapore, Hong Kong, and Malaysia from overly agressive expansion that could weaken their credit profiles.

Singapore dollar loses some ground to the greenback

Currency traders had been stocking up on Singapore dollar ahead of the European Central Bank’s meeting, says IG Markets Singapore.

DBS profit up 10% to S$810m

Net profit grew in the second quarter from a year ago as total income rose 6% to S$1.94 billion.

OCBC net profit up 12% but loan growth outlook lowered

The bank posted better-than-expected financial results in 2Q 2012 yet was forced to peg down loan growth guidance to single-digits from low-teens.

DBS appoints Derrick Goh as POSB Head

Derrick Goh will take over effective 1 October.

Standard Chartered Bank pulls profit up 17%

This surge results to a whopping income of US$1.162 bn.

Don't be fooled by OCBC's 2Q12 results, warns analyst

OCBC posted overheads growth of 6% qoq on higher staff costs.

Singapore beats UK, HK in merging & acquisition index

But guess which country is billed as most attractive M&A market.

Singapore dollar remains at $1.2477 against the greenback

The US dollar faced some weakness heading into the Fed’s meeting, says IG Markets Singapore.

OCBC hits record 23% profit surge

Thanks to robust trading and insurance revenue from Great Eastern Holdings.

OCBC's 2Q12 earnings likely to disappoint, warns analyst

The strong trading profits recorded in 1Q12 are unlikely to repeat this time.

Here's why GEH's profit plunged from S$263m to S$81m

Great Eastern Holding's non-par fund profits declined to a mere S$2m.

Singapore banks' diversified portfolio beats ASEAN banks

June loan growth is on track to meet CIMB's full-year estimate of 13-14%.

Great Eastern Q2 profit down to S$81.4m

The net profit for the quarter ended 30 June 2012 was lower than the S$117.7 million for the same period in 2011.

Loans continued to slow from Sept 2011 peak

Loan-to-deposit ratio at 91.9%, the highest since 2001.