Banking & Finance

//Banking & Finance

Singapore banks face first test on credit cost projections amid virus outbreak: Citi

Singapore Business Times (banking-finance news): Singapore banks face first test on credit cost projections amid virus outbreak: Citi THE extent of the latest support announced by Singapore's financial industry and the Monetary Authority of Singapore (MAS) for distressed property owners and small and medium-sized enterprises (SMEs) shows the depth and breadth of the current economic [...]

By | April 1st, 2020|Banking & Finance, business news, News|Comments Off on Singapore banks face first test on credit cost projections amid virus outbreak: Citi

Guidelines out on deferment of secured loan, mortgage payments

Singapore Business Times (banking-finance news): Guidelines out on deferment of secured loan, mortgage payments FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a pause on debt repayments or payments on insurance if hit with a [...]

By | March 31st, 2020|Banking & Finance, business news, News|Comments Off on Guidelines out on deferment of secured loan, mortgage payments

Feb bank lending ticks up on business loans, but weaker growth ahead expected

Singapore Business Times (banking-finance news): Feb bank lending ticks up on business loans, but weaker growth ahead expected HIGHER business loans were the main boost to total bank lending in February amid the coronavirus outbreak that began late January, but analysts are flagging weaker growth ahead as the crisis continues to dampen business sentiment.

By | March 31st, 2020|Banking & Finance, business news, News|Comments Off on Feb bank lending ticks up on business loans, but weaker growth ahead expected

StanChart says its US$100b AUM target is still on track

Singapore Business Times (banking-finance news): StanChart says its US$100b AUM target is still on track STANDARD Chartered said it is on track to grow its private banking assets to US$100 billion in the next two to four years, even as the virus fallout continues to roil global markets, a senior executive from the bank told [...]

By | March 31st, 2020|Banking & Finance, business news, News|Comments Off on StanChart says its US$100b AUM target is still on track

Mortgage borrowers, SMEs can seek to defer certain debt repayment till year-end: MAS

Singapore Business Times (banking-finance news): Mortgage borrowers, SMEs can seek to defer certain debt repayment till year-end: MAS DISTRESSED homeowners can soon apply to banks or finance company to defer either just the principal payment or both principal and interest payments, by up to December 31, 2020, amid the virus outbreak, according to latest measures [...]

By | March 31st, 2020|Banking & Finance, business news, News|Comments Off on Mortgage borrowers, SMEs can seek to defer certain debt repayment till year-end: MAS

Singapore bank lending up 0.2% in Feb on business loans: MAS data

Singapore Business Times (banking-finance news): Singapore bank lending up 0.2% in Feb on business loans: MAS data DRIVEN by higher business loans amid the virus outbreak that began late January, bank lending in Singapore inched up 0.2 per cent in February from a month ago, fresh preliminary data from the Monetary Authority of Singapore showed on [...]

By | March 31st, 2020|Banking & Finance, business news, News|Comments Off on Singapore bank lending up 0.2% in Feb on business loans: MAS data

MAS to boost USD liquidity with auctions of dollars from Fed swap facility

Singapore Business Times (banking-finance news): MAS to boost USD liquidity with auctions of dollars from Fed swap facility AMID broadening concerns over a record surge in the greenback, the Monetary Authority of Singapore (MAS) will move to lend US dollars (USD) obtained from the US Federal Reserve to banks in Singapore via auction allocation. The [...]

By | March 26th, 2020|Banking & Finance, business news, News|Comments Off on MAS to boost USD liquidity with auctions of dollars from Fed swap facility

Businesses get help with cash flow but SMEs want banks to do more

Singapore Business Times (banking-finance news): Businesses get help with cash flow but SMEs want banks to do more BUSINESSES will get a further shot in the arm to ease cash flow pressure amid the Covid-19 pandemic, but some small and medium-sized enterprises (SMEs) remain concerned that they will not get financial support from the banks [...]

By | March 26th, 2020|Banking & Finance, business news, News|Comments Off on Businesses get help with cash flow but SMEs want banks to do more

MAS to hold auctions for USD from Fed swap facility starting Friday, March 27

Singapore Business Times (banking-finance news): MAS to hold auctions for USD from Fed swap facility starting Friday, March 27 THE Monetary Authority of Singapore (MAS) announced on Thursday that it will be lending USD obtained from the US Federal Reserve to banks in Singapore allocated through auctions, with the first taking place this Friday, March [...]

By | March 26th, 2020|Banking & Finance, business news, News|Comments Off on MAS to hold auctions for USD from Fed swap facility starting Friday, March 27