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OCBC sees 2% revenue growth hit for 2020 from virus outbreak

OCBC Bank is expecting a revenue growth hit of about 2 per cent from earlier projections for FY2020 as a result of the novel coronavirus outbreak, even as it raised dividends on the back of a solid fourth quarter with profits that beat analyst expectations.

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UOB Q4 net profit up 10%; bank looks to South-east Asia to sustain growth

choycmn@sph.com.sg

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HSBC is no man’s land for its interim CEO – or anyone

HSBC Holdings is embarking on a radical overhaul while it continues the hunt for a permanent chief executive. For investors, the strategic muddle of this bizarre situation should be at least as troubling as the stinging cuts, US$7.3 billion in charges and suspension of buybacks that the...

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Singapore banks see 10% of portfolio vulnerable to virus outbreak impact

SWEPT into fresh uncertainty from the virus outbreak, Singapore banks are cautious over the next three to six months, with about 10 per cent of their total loan portfolio seen to be exposed to vulnerable sectors for now.

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Gigacover extends free Covid-19 coverage to insured freelancers, Gojek drivers

INSURANCE provider Gigacover on Friday said it is extending its Covid-19 coverage further, at no additional cost, to freelancers on their income protection insurance plans, a key group of which includes Gojek drivers.

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HSBC offers cash management advice for Singapore firms amid outbreak

HSBC Singapore will provide cash management advice and speed up the handling of urgent payments for Singapore businesses, among other measures to help firms manage cash and liquidity amid the novel coronavirus (Covid-19) outbreak.

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DBS prices US$1b perp deal at 3.3%, first callable in 2025

DBS Group on Friday announced it will issue US$1 billion of 3.3 per cent perpetual capital securities.

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OCBC net profit jumps 34% in Q4 on wealth management, insurance gains

OCBC Bank’s net profit grew 34 per cent to S$1.24 billion for its fourth quarter, from S$926 million a year ago, driven mainly by wealth management, higher income from trading, sale of investment securities and properties, and its insurance franchise.

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OCBC raises dividend; Q4 net profit up 34% on wealth management, insurance gains

OCBC Bank on Friday upped its dividend payout as it turned in stronger profits for its fourth quarter, but flagged a weaker-than-expected outlook for the global economy ahead.

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OCBC expects 4% dip in 2020 revenue on virus impact; ups dividend on higher Q4 profit

OCBC Bank on Friday upped its dividend payout as profits beat estimates for its fourth quarter, although it flagged a weaker-than-expected outlook for the global economy ahead.

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