UOB Prices SONIA sterling covered bond offering
UOB today became the first issuer in Singapore to price a Sterling Overnight Interest Rate Average (SONIA) benchmark covered bond offering. Issued under its US$8 billion Global Covered Bond Programme, UOB’s new issuance of £850 million floating rate covered bonds due 2026 will use the Compounded Daily SONIA as its interest basis. The new issuance […]
Singaporeans shop local to help businesses recover from COVID-19
One in two (51%) Singapore consumers prefer to shop at local businesses to help them recover from the business fallout caused by COVID-19, a survey by UOB found. The bank’s recent ASEAN Consumer Sentiment Study shows that more than three in five (62%) consumers across ASEAN have expressed their desire to stand in solidarity with […]
Optimistic Approach Towards The Pandemic
Millennials hold founded as the near confident majority team among Singapore now that comes in accordance with overcoming cutting-edge challenges, according in imitation of the UOB Optimism Index. The index, as surveyed 1,000 Singaporeans, measures how much worried shoppers are as regards rising COVID-19 infections, persisted restrictions of gatherings yet travel, the financial affect concerning […]
Banking sector witnesses an Increase In Earnings
Signs regarding accelerated income momentum beside better internet hobby margins (NIM), loan growth, wealth yet trading income should keep expected beforehand of Singapore banks’ trading updates, a Maybank Kim Eng file noted. Analyst Thilan Wickramasinghe predicts that UOB “may surprise” appropriate in imitation of better NIMs yet lower savings costs. DBS wish report first over […]
The Budding young Tech-ambient population of the Southeast Asian territory powers an upsurge in information-packed Banking module
Arvid Swartsenburg, Head of Partnerships & Strategy of UOB’s stand-alone digital bank, TMRW, stated that: Southeast Asian territory packs definitely a punch in the changing dimensions of new age modernized banking with the perfect mix of talented, budding, digitized ambient as well as the most unbanked populations who are powering way for a paradigm shift […]
Healthy Credit Growth will Help Singaporean Banks
CGS-CIMB has emphasized its “overweight” approach to Singapore’s financial area, fully expecting abusiness action and credit development this year. This is relied upon to be driven by facilitating social removing measures in stage three and theprogressing Covid-19 immunization program, the two of which initiated as of late in December 2020,said investigators Andrea Choong and Lim […]
