POSB trials cashless programme for seniors

She does not have to constantly top up the amount in the free contactless ATM card she received from POSB because it is linked to her bank ... trial by the bank to get senior citizens on board Singapore's cashless drive. They were each given an ATM card ... ( read original story ...)

DBS Group Holdings Ltd’s Profit Soars in 2018’s First Quarter

With banks in Singapore’s stock market among the top gainers over the last two years, there is understandably considerable interest in them when they release their earnings updates. DBS Group Holdings Ltd (SGX: D05) kicked things off last Monday by being ... ( read original story ...)

OCBC Profit Climbs on Lending Income, Lower Loan Allowances

Net income increased 29 percent from a year earlier to S$1.11 billion ($832 million) in the three months ended March, the Singapore-based bank said Monday. The bad-loan ratio improved from the previous quarter and OCBC’s loan portfolio is “sound ... ( read original story ...)

UOB posts record profit of US$733mil for first quarter

SINGAPORE: United Overseas Bank (UOB)racked up record-breaking results in the first quarter thanks to a triple treat of higher net interest margins, strong growth in wealth management income and a big drop in bad debt charges. Earnings shot up 21% to a new ... ( read original story ...)

Beware of phishing email claiming to be from POSB

Several Stompers have recently received an email which claimed to be from POSB, informing them that 'Singapore Banks has been under attack by hackers', and to click on the link provided in order to update their account and to keep their money 'safe'. ( read original story ...)

3 agencies tipped to be shortlisted for OCBC media account

Vizeum Singapore, Havas Media Singapore and incumbent Wavemaker Singapore are tipped to be shortlisted in OCBC Bank’s media pitch, Marketing understands. The move follows a recent media pitch called last month, which also involves the brand’s ... ( read original story ...)

Phishing scheme targeting POSB customers: DBS

SINGAPORE: DBS Bank warned on Thursday (May 3) of a phishing scheme targeting POSB Bank customers, mimicking the POSB Internet Banking login page. "Such phishing sites are designed to steal customer details, logins, PINs and OTPs in order to perform ... ( read original story ...)

UOB boosts pay by 14% as profits soar in the first quarter

https://news.efinancialcareers.com/sg-en/314225/dbs-jobs-q1-2018/ UOB may be the smallest of Singapore’s three local banks, but it’s just posted record quarterly profits of $978m for Q1 – a 21% rise from a year earlier. If you’re thinking of ... ( read original story ...)

Double-digit profit rise for UOB as loans, margins expand

For the first quarter ended March, UOB reported a 21% rise in net profit to 978 million Singapore dollars ($731.9 million). Wee described it as the strongest quarter ever. Total income rose 9% to S$2.23 billion due to growth in both net interest income and ... ( read original story ...)