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 ...)

DBS Basks in Rates Glow

historically Singapore banks perform well when the monetary authority starts to tamp down the pace of economic activity. The three homegrown lenders – DBS, Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. – are among the biggest gainers ... ( read original story ...)

Singapore Has Just Become Asia’s Best-Performing Stock Market

There’s been lots of competition for the title of Asia’s best-performing stock market this year. Among the major equity indexes in the region, eight have climbed to records in the first four months alone. Today, Singapore’s Straits Times Index nudged ... ( read original story ...)

Singapore Just Edged Out Vietnam as Asia’s Top Stock Market

(Bloomberg) -- There’s been lots of competition for the title of Asia’s best-performing stock market this year. Among the major equity indexes in the region, eight have climbed to records in the first four months alone. Load Error Today, Singapore’s ... ( read original story ...)

Singapore Bank Lending Up 5.3%

Singapore’s total loans and advances including bills financing of Domestic Banking Units grew 5.36% year-on-year to a predicted 661.6 billion Singapore dollars (about US$500 billion) in March, according to data released by the Monetary Authority of ... ( read original story ...)