Financial Services

Singapore banks pop the champagne on growing wealth management business

UOB’s wealth management segment more than doubled since 2010.

Has OCBC's asset quality already stabilised?

Non-performing loans ratio remained stable at 1.3%.

Meet Emma: What you need to know about OCBC's chatbot

The AI has facilitated approval of around $28m worth of loans.

Almost 9 in 10 Singaporeans prefer cashless payments

It represents the highest preference for e-payments in SEA.

OCBC to buy NAB's wealth business in Singapore and Hong Kong

NAB has about 11,000 customers across the two cities.

OCBC's NIM game falls short amidst loan growth

No thanks to a larger amount of unrecognised net interest income.

Singapore banks are reaping what they sowed in wealth management

Higher income from the wealth segment offset weaker loan margins.

OCBC's net profit up 14% to $973m

Thanks to the sustained growth in wealth management income.

Life insurance premiums up 19% to $811m in Q1

Thanks to the strong health insurance uptake.

Why further gains in Singapore dollar could be unlikely

MAS may step in to prevent the currency from strengthening further.

UOB suffers slowdown in Malaysian business

But it has seen loan growth in Thailand.