An important resource for the dynamic banking and financial industry, providing a definitive list of banks, financial institutions in Singapore.

IN THE NEWS

Solid and growing despite tougher times

WHETHER it was organic growth or via acquisitions or a combination of both, Asia-Pacific private banks continue to perform, with double digit gains in revenue and assets under management, even as economic activity slowed. Head honchos tell The Business Times how 2016 was, and their investment advice for this year. They are Bahren Shaari, Bank of Singapore chief executive, Tan Su Shan, DBS Bank gro...


Bright spots ahead for insurer Great Eastern

COMPOSITE insurer Great Eastern, a subsidiary of OCBC Bank, recently posted an 11 per cent fall in fourth-quarter net profit to S$195.2 million and a 25 per cent drop in full-year earnings to S$589.3 million. The 2016 bottomline numbers are uninspiring if one looks at them from a short-term perspective. But total weighted new sales (TWNS) and new business embedded value (NBEV) point to a brighter...


High hopes for Alibaba-backed fintech

A SOUTH-EAST Asian financial technology (fintech) firm backed by Chinese giant Alibaba and Thai conglomerate CP Group is looking to tap the significantly unbanked market in the region. In doing so, Ascend Money also hopes to, in time, create a credit-rating scheme that takes in scoring based on customers' social behaviour, in its vast home market. Ascend Money aims to serve 100 million underserve...


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