Retail Banking
OCBC's Q1 profit plunges 43% YoY to $698m
Banking and insurance operations suffered tremendous losses.
OCBC's Q1 profit plunges 43% YoY to $698m
Banking and insurance operations suffered tremendous losses.
DBS prices first SORA-based floating rate notes
The notes have a notional amount of $14m (S$20m).
UOB's net profit down 19% to $855m in Q1
Total impairment charges skyrocketed 96% to $286m.
Weekly Global News Wrap: JPMorgan cleared to make $15b in new loans to small firms; BNP Paribas posts 33% crash in net income
And Norwegian wealth fund backs Barclays’ climate talks.
Singapore big three banks' impaired loans ratio to rise to 2.5% in 2021
The pandemic’s full brunt won’t set in until later in 2020.
Major Australian banks may take long to recover from headwinds
Hefty loan impairment charges may remain elevated.
COVID disruptions intensify risks for Chinese banks
Regional banks are more vulnerable due to weak capitalisation.
Thai banks' Q1 earnings down 8% YoY to $1.12b
The sector saw a 20-25bps growth in loan yield.
Pandemic's impact on APAC banks to stay ‘longer than expected': Fitch
Downturns will be steeper than a normal cyclical downturn and stay until 2021.
Singapore lenders to report healthy Q1 loan growth as firms amp liquidity
But credit charges are expected to rise further.
Weekly Global News Wrap: Tech issues hamper US banks' bid for $310m small firms aid; EU floats relief to support extra lending
And Allianz inks bancassurance deal with BBVA.
Krung Thai Bank's Q1 net profit slips 17% YoY to $187m
Higher provisions against rising NPLs triggered the fall.
HSBC's Q1 profit halved to $3.2b
Weakening oil prices hurt the bank.
Chinese banks post net profit, operating income growth in 2019: report
Sample size was equivalent to 71.37% of total assets and 76.77% of net profit.
Hurdles ahead for Thai banks as Q1 profit drops 13%: analyst
Loan demand and NIMs are under threat because of the pandemic.
Viet banks to shoulder economic shock
The central bank has ordered banks to extend debt relief to affected borrowers.
Weekly Global News Wrap: World's ten largest banks sued for rigging US bond market; Banks want Europe to mimic US capital easing
And Credit Suisse gets approval to take a majority stake in a Chinese investment bank.
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