Featured Archives • Page 1292 of 1422 • Financial News

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Global lockdowns, relief measures weigh on Singapore banks

SINGAPORE banks face uncertain times ahead as a combination of unprecedented global lockdowns and latest virus relief measures here and around the region put question marks over the full hit to their income and credit provisions for 2020.

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Relief measures offer respite but banks can do more: SMEs

SMALL and medium-sized enterprises (SMEs) are now weighing the cost of taking up loans or deferring existing payments as they add to future obligations, even as they get some breathing room to manage their cashflow on the back of measures announced by the Monetary Authority of Singapore...

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Across vintages, SMEs to seek liquidity buffer for long winter

SEASONED small- and medium-sized enterprises (SMEs) that have weathered cycles through the years are assessing their liquidity while on good credit standing, even as they have an estimated 30-40 per cent of their existing credit lines still untapped, a top banker from OCBC said.

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CIMB Bank to auto-defer servicing for most commercial term loans in Singapore

CIMB Bank Singapore on Wednesday said it will automatically approve the deferment of principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

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CIMB Bank Singapore offers automatic moratorium on most term loans of commercial banking clients

CIMB Bank Singapore on Wednesday said it will automatically defer principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

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CIMB to automatically approve most term-loan deferments of commercial clients here

CIMB Bank Singapore on Wednesday said it will automatically approve the deferment of principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

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Maybank Singapore to give S$1,400 to staff affected by Malaysia lockdown

MAYBANK Singapore will pay a one-time financial assistance of S$1,400 to employees who are living in Singapore temporarily due to Malaysia's movement control order (MCO).

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JPMorgan launches FX trading engine in Singapore

JPMORGAN Chase & Co has launched a foreign exchange (FX) trading and pricing engine in Singapore that will speed up trade executions for clients, it said on Wednesday.

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Singapore banks may see worst-case hit of 14-18% on revenue over consumer relief: Jefferies

AT A worst-case scenario, Singapore banks may see a 14 to 18 per cent hit to their revenue in 2020 following the latest virus relief measures for consumers, said Jefferies Research in a report on Wednesday.

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LYS Energy obtains S$14m green loan from UOB

HOMEGROWN solar company LYS Energy on Wednesday said it has obtained a S$14 million green loan from United Overseas Bank (UOB).

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