The page you are looking for.

The bank has approved three times more loans in March compared to January. United Overseas Bank (UOB) today announced that it will be offering pre-approved loans of up to $200,000 to help ease the short-term liquidity woes of small businesses impacted by the COVID-19 pandemic, the bank announced. The collateral-free loan is intended to help small businesses, which make up two in three of all small- and medium-sized enterprises in Singapore, especially those from hard-hit sectors such as retail and food and beverage, said UOB. The bank has approved three t...

```html Understanding How Student Loans Work: A Comprehensive Guide Navigating the world of student loans can be daunting for many students and their families. With rising tuition costs, understanding how student loans work is crucial for making informed financial decisions. This guide aims to demystify the process, explaining the different types of loans, how they are repaid, and tips for managing them effectively. What Are Student Loans? Student loans are a type of financial aid designed to help students cover the cost of higher education, including tuitio...

Singapore CIMB Singapore has raised the ire of customers with its move to raise the floor of certain mortgages pegged to the one-month Singapore interbank offered rate (Sibor) - with that floor rate now higher than the prevailing market rate. From May 18, customers on CIMB's...

AIG Singapore (AIG Asia Pacific Insurance Pte) may be a wholly-owned subsidiary of AIG – a world leading insurance services provider serving quite 70 million clients round the world. In Singapore, AIG serving customers since 1953, being one among the most important General Insurance companies within the country, providing a comprehensive range of insurance packages, aimed to guard both individual consumers and commercial clients. AIG’s innovative solutions covering customers’ Auto, Home, Travel, Personal Accident, Professional Liability, Employer Liability,...

OCBC Bank's annual general meeting (AGM) will be held virtually on May 18, the lender told shareholders in an announcement yesterday. It is the second local bank to state its virtual AGM plans, after DBS Bank did so in mid-month amid the coronavirus outbreak. OCBC said earlier this month that it would postpone the meeting, which had been scheduled for April 30, pending changes to the law and rules on safe distancing and AGM teleconferencing. Now, the bank has confirmed that shareholders cannot attend the AGM in person. Instead, they must pre-register for ...

In the world of banking and finance, you might have heard the term "DBS" being used frequently. DBS stands for "Development Bank of Singapore," and it is one of the largest banks in Asia. The bank was founded in 1968 and was initially known as the "Post Office Savings Bank." Over the years, the bank has grown and expanded its services to become one of the leading banks in the world. The DBS bank provides a wide range of financial products and services to its customers. It offers retail banking, corporate banking, and investment banking services, making it a one...

The bank will pass all cost savings to SMEs by lowering the interest rate. OCBC Singapore is expected to disburse $698m (S$1b) in government-assisted SME loans by 30 June under the Monetary Authority of Singapore’s low-cost SGD Facility. The loan amount projected for the three months from April to June will exceed the total government-assisted loans disbursed to the same customer segment during the 2008-2009 global financial crisis. Almost 1,000 SMEs have asked for deferment of principal payments on unsecured and secured loans, OCBC said. The bank will pa...

Singapore is home to a number of premier banks that offer a range of financial services to individuals, businesses, and corporations. These banks are known for their strong reputation, innovation, and commitment to customer service, and they play a crucial role in supporting the growth and development of the country's economy. DBS Bank is one of the premier banks in Singapore and is the largest bank in the country. With a focus on innovation and customer-centric services, DBS Bank offers a wide range of services including retail banking, wealth management, and ...

LONDON/HONG KONG (REUTERS) - HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that chief executive Noel Quinn is pressing on with plans to shake up the group despite having put a wider job cut programme on hold. CEO Quinn last month announced a temporary halt to plans for 35,000 redundancies across the bank because of the impact of the coronavirus pandemic. Quinn, who took on the permanent CEO role in March after a lengthy audition process during which Chairman Mark Tucker courted several external can...

SINGAPORE - Bank lending inched down in March from the previous month amid the coronavirus outbreak, as a drop in consumer loans offset a rise in business lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday (April 30). Loans through the domestic banking unit, which captures lending in all currencies but reflects mainly Singapore-dollar lending, dipped 0.1 per cent in March from February. Total lending stood at $692.4 billion in March, compared with $692.85 billion in February. It also rose 2.4 per cent over the same mo...

How to Get Rid of My Payday Loans How to Get Rid of My Payday Loans If you are struggling with payday loans and looking for ways to get rid of them, you are not alone. Dealing with payday loan debt can be overwhelming, but with the right strategies, you can regain control of your finances. Here are some steps to help you eliminate your payday loans: 1. Evaluate Your Debts Start by taking stock of all your payday loans and the total amount you owe. Understanding the scope of your debt is crucial in creating a plan to eliminate it. 2. Create a Repayme...

```html Which Banks Use Equifax in Australia: A Comprehensive Guide In the financial landscape of Australia, credit reporting agencies play a pivotal role in determining an individual's creditworthiness. One of the major players in this field is Equifax, a global leader in consumer and commercial credit reporting. For those wondering which banks use Equifax Australia, this blog post provides an in-depth look at the banks and financial institutions that rely on Equifax for credit assessment and decision-making. Understanding Equifax's Role in Australia Equifax i...

HONG KONG (REUTERS, BLOOMBERG) - HSBC Holdings' first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide. Europe's biggest bank by assets said profit before tax came in at US$3.21 billion (S$4.56 billion) for January-March, down from US$6.21 billion a year ago and below an average analyst forecast of US$3.67 billion compiled by the bank. The bank increased its expected credit impairment charges by a hefty US$2.4 billion to US$3 billion due to the im...

1. The Role of the Monetary Authority of Singapore (MAS) The Monetary Authority of Singapore (MAS) is the key regulatory body overseeing the financial services industry in Singapore. MAS plays a critical role in ensuring the stability and integrity of the financial system while encouraging innovation in the fintech sector. 2. Fintech Regulatory Sandbox One of the standout features of Singapore’s regulatory environment is the Fintech Regulatory Sandbox introduced by MAS. This sandbox allows fintech startups to test their innovative products, services, and busi...

Bangkok Bank Singapore Bangkok Bank Singapore is another foreign bank that is offering services in Singapore as you can understand from the name of the bank. The main difference of this bank is that they do focus on corporate customers rather than the individual customers. This means that you need to be a business in order to receive services from them. Some of the services they offer include import and export services, remittance, deposit, savings and current accounts, fixed deposit accounts, foreign exchange services, and of course corporate lending. They are...