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OCBC’s Q3 profit beats estimates; bank loans under moratorium fall

OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.

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DBS sees ‘episodic corporate stress’ in portfolio; Q3 net profit down 20%

DBS chief executive Piyush Gupta said that the bank is seeing "some episodic corporate stress" in its portfolio, with expectations that non-performing asset (NPA) formation will trend upwards as government relief moratoriums expire in 2021.

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Hot stocks: Singapore banks jump after Q3 profits trounce estimates

SHARES of DBS, OCBC and UOB climbed to multi-month highs after their third-quarter financial results exceeded expectations and signalled that the trio was withstanding the Covid-19 pandemic's impact on loan quality and the economy.

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Indonesia, Singapore central banks extend bilateral financial arrangement again

THE central banks of Indonesia and Singapore have extended their US$10 billion bilateral financial arrangement for another year.

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OCBC posts smaller-than-expected fall in Q3 net profit to S$1.03b

OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.

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Singapore banks dial back worst fears; Q3 profit mostly up over the quarter

SINGAPORE banks posted lower profits for the third quarter of this year from a year ago, as the trio continue to bulk up provisions to cushion against bad loans as a result of the Covid-19 crisis.

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UOB Q3 profit down 40% as provisions climb

UOB opened the Singapore banks' Q3 results season by rolling back some of its worst fears, as has been the case with the global banks.

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Ant IPO debacle prompts rethink on China fintechs

THE suspension of Ant Financial's US$34 billion initial public offering (IPO) less than 48 hours before its trading debut is expected to dampen the valuation of Alibaba's fintech arm, as well as that of other Chinese fintech companies looking to list in Greater China or even in...

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Great Eastern Q3 earnings rise 40% to S$287.9m on higher valuation of investments

GREAT Eastern Holdings on Wednesday posted a 40 per cent rise in net profit to S$287.9 million for the third quarter ended Sept 30, from S$205.1 million a year ago.

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Suspension won’t be a dead Ant for world’s biggest IPO

ANT IPO SHOCK

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