RHB on Thursday upgraded OCBC to "buy" from "neutral", with a higher target price (TP) of S$12.50 from S$9.50 previously. At least two other research houses also raised their targets on the counter.
UOB’s net profit for its fourth quarter fell 32 per cent as net interest income declined.
UOB, a strong player in the small- and medium-sized enterprises space, does not see concentrated risks in its loan book, estimating credit costs for the year at 30-40 basis points. 
VACCINATIONS and steady moves by the United Kingdom government to relax the lockdown measures in the coming weeks have boosted the sterling.
SINGAPORE'S second-largest lender OCBC joined DBS in an improved outlook on asset quality, on the back of an "orderly and very well-managed" exit from Covid-19 relief programmes that is "better than expected", said its top executive on Wednesday.
DBS has partnered with global fashion retailer Inditex, which owns brands such as Zara, Pull&Bear and Bershka, in a cotton-procurement financing programme, in an effort to scale India's organic-cotton industry.
OCBC'S net profit for its fourth quarter fell on a drop in overall income, which more than offset an 11 per cent reduction in expenses, it said on Wednesday.
THE impact of climate change is continuing unabated, and Singapore and South-east Asia stand at the point end of its impact. HSBC Global Research recently reported that of the 20 global cities most vulnerable to rising sea levels, 15 are in Asia - including five in Asean.
THE Monetary Authority of Singapore (MAS) has not found significant funds from Myanmar companies and individuals in banks in Singapore as part of its regular surveillance of the banking system, it said on Tuesday.
EUROPEAN asset manager Amundi has launched three flagship funds for retail investors in Singapore. All three funds hold either four or five-star Morningstar ratings as at Jan 31, 2021.
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