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SINGAPURA Finance on Friday reported a 152.3 per cent rise in its profit after tax to S$4.9 million for the first half ended June 30, from S$2 million a year ago.

SINGAPORE banks are on the watch for signs of asset quality deterioration in Asean, given fresh lockdowns and resurging Covid-19 cases in the region, but strong capital levels and ample provisions should be more than enough to help them tide through, analysts have said.

SINGAPORE banks are on the watch for signs of asset quality deterioration in Asean, given fresh lockdowns and resurging Covid-19 cases in the region, but strong capital levels and ample provisions should be more than enough to help them tide through, analysts have said.

IN a bid to grow its international wealth management business, Asian investment bank Nomura has in the past half-year period taken more than 25 private bankers and investment advisers into its fold, over and above a previous recruitment drive that saw 20 wealth management professionals join by January....

WITH DBS closing the results season on Thursday, all three Singapore banks have restored their dividend payouts to pre-pandemic levels.

DBS's net profit for its second quarter rose 37 per cent as it joined its peers in posting a smaller allowance from the year-ago period, it said on Thursday.

DBS maintains a "high degree of confidence" going into the second half of 2021, with full-year allowances unlikely to exceed S$500 million even as Covid-19 infections make a resurgence across Asean, said its chief executive officer Piyush Gupta. 

OCBC and UOB returned their dividend payouts to pre-pandemic levels as the Singapore regulator lifted the cap on dividends paid against their 2021 earnings.

UOB struck a positive note on growth in Asean even as the Covid-19 pandemic continues to ravage key markets, but stopped short of writing back provisions like what global banks have done as uncertainties remain.

OCBC and UOB returned their dividend payouts to pre-pandemic levels as the Singapore regulator lifted the cap on dividends paid against their 2021 earnings.