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Norman Ip to step down as Great Eastern’s non-executive, non-independent director

GREAT Eastern Holdings G07 on Friday (Feb 25) announced that Norman Ip will step down from his role as a non-executive, non-independent director of the board on Feb 28, a position he has held for more than 9 years.

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Singapore banks optimistic on global economic recovery, rate hikes

SINGAPORE banks are sounding an optimistic note heading into 2022, with the global economic recovery and interest rates hikes among the bright spots.

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OCBC Q4 profit falls 14% to S$973m

OCBC's fourth-quarter profit came in at S$973 million, down 14 per cent from S$1.13 billion a year ago, but its top executives reiterated during an earnings call on Wednesday (Feb 23) that the banking group's profitability is back to pre-pandemic levels.

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Hong Leong Finance H2 net profit rises 46.5% to S$40.1m

HONG Leong Finance posted net profit of S$40.1 million for the 6 months ended December 2021, up 46.5 per cent from earnings of S$27.4 million in the corresponding year-ago period.

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Hong Leong Finance H2 net profit up 46.5% to S$40.1m

HONG Leong Finance posted net profit of S$40.1 million for the 6 months ended December 2021, up 46.5 per cent from earnings of S$27.4 million in the corresponding year-ago period.

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Singapore banks optimistic on economic recovery, rate hikes

Banks are sounding an optimistic note heading into 2022, with the global economic recovery and interest rates hikes among the bright spots.

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Prevention key to tackling scams, customers bear responsibility too: OCBC’s Helen Wong

PREVENTION is key when it comes to addressing scams, said OCBC chief executive Helen Wong, even as she acknowledged that fraudsters can come up with new modus operandi in their future exploits.

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Hot stock: OCBC down 6.3% after Q4 net profit misses analyst estimates

SHARES of OCBC fell in the morning on Wednesday (Feb 23), after the bank said its net profit for the fourth quarter ended Dec 31, 2021 fell 14 per cent on year to S$973 million.

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OCBC Q4 profit falls 14% to S$973m; pays S$0.28 in dividends

OCBC posted a 14 per cent decrease in net profit for its fourth quarter ended Dec 31, 2021 to S$973 million, from S$1.13 billion a year ago, it said on Wednesday (Feb 23).

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Banking on crypto raises risks for traditional lenders

AS more banks in South-east Asia plant their flags in the cryptocurrency sphere, some industry observers have sounded a note of caution over the trade-off between securing a first-mover advantage and dealing with reputational and operational risks.

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