BANK lending in Singapore dipped 0.1 per cent in March from a month ago, as a fall in consumer loans more than offset a rise in business loans, preliminary data from the Monetary Authority of Singapore showed on Thursday.
DBS on Thursday guided that its oil-and-gas (O&G) lending portfolio at S$23 billion makes up its single-largest loan exposure to impacted industries made vulnerable by the Covid-19 pandemic, and that it expects further allowances set aside specifically for O&G support services.
IN A MOVE to encourage better personal finance habits, DBS Bank has rolled out a new digital advisory tool that helps customers consolidate and analyse their overall finances, as well as provide more personalised financial information tailored to their current life stage.
THE Bank of International Settlements (BIS), through its Singapore innovation hub arm, on Wednesday called for private firms to participate in a global "remote hackathon" to solve urgent problems related to regulatory compliance and ensuing supervisory processes.
FOLLOWING a pushback from irate customers, CIMB Bank Singapore will delay the start date - to Jan 1, 2021 - of its higher minimum rate for certain mortgages pegged to the Singapore inter-bank offered rate (Sibor) and Swap offer rate (Sor).
THE Bank of International Settlements (BIS), through its Singapore innovation hub arm, on Wednesday called for private firms to participate in a global "remote hackathon" to solve urgent problems related to regulatory compliance and ensuing supervisory processes.
IN A MOVE to encourage better personal finance habits, DBS has rolled out a new digital advisory tool that helps customers consolidate and analyse their overall finances, as well as provide more personalised financial information tailored to their current life stage.
CIMB Singapore will delay the effective date of its minimum rate of its Singapore inter-bank offered rate (Sibor) and Swap offer rate (SOR) to Jan 1, 2021, in an announcement posted on its website seen on Wednesday.
THE scale of bad loan provisions and how the dour economic environment will impact dividends will be closely watched by analysts in the upcoming results of Singapore's banks - the first quarter that will reflect the early impact of a global pandemic.
INFRASTRUCTURE financing platform Bayfront Infrastructure Management has inked partnerships with 15 global banks in its first month of operations.













