OCBC on Friday said first quarter net profit more than doubled, as it joined its Singapore peers in hitting a new high in fee income while making a far smaller allowance compared with the year-ago period.
OCBC is ready to fend against “very strong competition” coming up in the Greater Bay Area, and is open to M&A opportunities that may emerge from the Citi sale, said its top executive.
SINGAPORE-BASED fintech Validus has attracted over S$50 million from London-based institutional asset manager Fasanara Capital to boost small and medium-sized enterprise (SME) lending for underserved and unbanked SMEs in Singapore.
SINGAPORE-BASED fintech Validus has attracted over S$50 million from London-based institutional asset manager Fasanara Capital to boost small and medium-sized enterprise (SME) lending for underserved and unbanked SMEs in Singapore.
NAZIR Razak, a veteran Malaysia banker whose career progressed from investment banking to development finance, has called on the industry's senior practitioners to help change global finance and make capitalism more sustainable.
UOB on Thursday said first quarter net profit rose 18 per cent from the year-ago period, with the rebound driven by record fee income and smaller impairment charges.
PRUDENTIAL Assurance Co Singapore has won a lawsuit against its former top group agency manager, Peter Tan Shou Yi, over the poaching of more than 220 agents for rival Aviva.
