United Overseas Banking (UOB)

Singapore gets to grips with NSFR rules

SINGAPORE (July 17): Singapore's three biggest banks will be required to prioritise long-term funding from next year to ensure they will be stable in extended periods of market stress.

5 revelations from Singapore banks’ 1Q results

SINGAPORE (May 12): The 1Q 2017 financial results of Singapore’s three largest banks by assets – DBS Bank, Oversea-Chinese Banking Corp and United Overseas Bank – reveal a moderation in their asset risk and an improvement in overall profitability, s

Broker's Calls

Why investors should watch Singapore banks’ 4Q results closely

SINGAPORE (Feb 2): The likely two or three interest rate increases expected in the US for 2017 will likely benefit Singapore banks given the positive impact on their net interest margins, agrees Lim & Tan Securities in its daily note this morning.

Broker's Calls

You can bank on this stock in 2017

SINGAPORE (Dec 12): DBS is upgrading OCBC to “buy” with target price of $10.30 as earnings are set to rise in anticipation of higher Net Interest Margins (NIM) and worries of the worst of NPLs (Non-Performing Loan) over.

Market Close

STI ends 0.4% higher at 2,815.24

SINGAPORE (Oct 14): The Singapore stock market closed higher on Friday, after five straight sessions of losses as investors shrugged off a plunge in 3Q GDP and an unchanged monetary policy.

Market Close

STI closes 1.5% lower at 2,813.71

SINGAPORE (Oct 12): Singapore's benchmark Straits Times Index closed 1.5% down at 2,813.71 on Wednesday, dragged down by heavyweights amid weak regional cues.

Asia FX

What’s stopping RBNZ from meeting its inflation objective?

SINGAPORE (Aug 11): The Reserve Bank of New Zealand (RBNZ) has cut interest rates by 25bps, which takes the official cash rate (OCR) to an all-time low of 2%.

Singapore banks facing earnings stumble as bad loans, Sibor bite

SINGAPORE (July 26): Earnings reports due soon from Singapore’s largest banks may show their second-quarter profits were crimped by higher buffers for soured loans and a faltering rally in domestic interest rates.