31 August 15 | The Business Times by SIOW LI SEN
MAYBANK Singapore continues to enjoy double-digit growth in consumer loans and deposits despite the economy slowing to a crawl. That's because it has a smaller base, said Choong Wai Hong, who heads its community financial services (CFS). Maybank Singapore saw its net operating income for the first half of 2015 rise 0.7 per cent to S$398.12 million on the back of a 13.2 per cent gain in net interes...
28 August 15 | The Straits Times by RACHAEL BOON
Malaysian bank Maybank's diversified businesses helped it continue to grow despite the financial turmoil, it reported yesterday.
Net profit for the six months to June 30 rose 3.4 per cent to RM3.28 billion (S$1.1 billion), bolstered by net operating income rising 10.8 per cent to RM9.88 billion. Maybank said this was "on the back of steady growth in net operating income across all business pillar...
28 August 15 | The Straits Times by ANN WILLIAMS
OCBC Bank and its asset management subsidiary Lion Global Investors said their first private equity fund with outside investors closed successfully on strong demand.
The fund ended almost 40 per cent higher at $550 million from its initial target of $400 million.
The Lion-OCBC Capital Asia Fund I, LP will invest in small and medium-sized firms in Singapore, Malaysia, Indonesia and China.