02/23/2022
Group net profit for FY21 was S$4.86 billion, an increase of 35% from a year ago, underpinned by strong growth in non-interest income and lower allowances, which offset a decline in net interest income amid a low interest rate environment.
02/18/2022
Netbank has engaged Brankas, a leading Open Finance technology company in Southeast Asia
02/16/2022
Group Retail’s income was sustained at S$4.11 billion
02/14/2022
Fourth-quarter earnings up 37% to SGD 1.39 billion
02/08/2022
DBS’ response to MAS' actions on digital disruption
MAS’ supervisory action requires DBS to set aside additional capital amounting to 1.5 times risk-weighted assets for operational risk.
01/19/2022
Last week, Citi agreed to sell its consumer banking business in Indonesia, Malaysia, Thailand and Vietnam to UOB for about $3.6 billion.
01/17/2022
A Taiwanese acquisition would add to DBS Chief Executive Officer Piyush Gupta’s deals over the last 15 months.
01/17/2022
Its Indian consumer banking business comprises credit cards, home loans and retail banking.
01/14/2022
The purchase consideration is about S$4.9 billion ($3.6 billion), which includes a premium of S$915 million on top of the business’ aggregate net asset value of S$4 billion as of June last year.
12/23/2021
Mr Ohta is also interested in American retail banking and said he may consider entering online lending in the US as a way to secure a position in that market.
12/23/2021
Citi Continues to Execute on Global Consumer Bank Strategic Actions
12/21/2021
As part of CitigAxis Bank has reportedly emerged as the frontrunner to acquire the retail and credit card assets of Citi India, outbidding Kotak Mahindra Bank and IndusInd Bank. Earlier, Kotak Mahindra, Axis Bank and IndusInd Bank had made binding offers
12/14/2021
ANZ today welcomed the Federal Government’s extension of the expanded Small to Medium Enterprise Recovery Loan Scheme.
12/08/2021
Welab Sky has already completed a strategic investment for a 24 percent stake in BJJ.
12/08/2021
For its China consumer banking assets, Taiwan’s Fubon Financial Holding is the buyer of choice in a deal that could raise about $100 to $200 million.
12/07/2021
Compared to Axis Bank, Kotak is more keen on bagging the Citi business. Kotak’s retail book is a little less than Rs 1 lakh crore, while that of Citi is nearly Rs 68,000 crore, of which retail loans account for Rs 28,000 crore.
11/30/2021
The recovery in performance was driven by higher operating income, strong cost containment and significantly lower provisions, with improvements seen across all segments and markets.
11/25/2021
"Credit cards continue to be an important product for consumers, despite increasing use of other unsecured lending products such as Buy Now, Pay Later,"
11/09/2021
The city’s top officials announced a continued focus on maintaining its zero-Covid policy while prioritizing border opening with mainland China.
11/03/2021
OCBC’s posted a robust profit increase in the third quarter, which was fueled by a significant reduction in allowances.