Income
Hong Leong Finance H1 net profit up 12.9% to S$52.6 million on higher net interest income
HONG Leong Finance posted a 12.9 per cent rise in net profit to S$52.6 million for the half year ended Jun 30, from S$46.6 million in the same period...
ABN Amro lifts full-year interest income outlook on higher rates
DUTCH lender ABN Amro on Wednesday (Aug 7) raised its forecast for full-year net interest income (NII) to 6.4 billion euros (S$9.3 billion), after it beat second-quarter estimates, sending...
Income Insurance needs adequate capital in order to stay financially sustainable: NTUC
INCOME Insurance needs adequate capital in order to stay financially sustainable, National Trades Union Congress (NTUC) leaders said on Monday (Aug 5), following public unhappiness over its proposed sale...
Manulife US Reit posts 27.5% lower H1 distributable income per unit of US$0.0129
MANULIFE US Real Estate Investment Trust (Reit)’s adjusted distributable income (DI) per unit for the first half ended Jun 30 declined 27.5 per cent year on year to US$0.0129,...
OCBC looks to balance net interest income growth with NIM impact ahead of interest rate cuts
The bank’s Q2 net profit rises 14% to S$1.94 billion; the earnings are the second-strongest on recordAHEAD of cuts to US interest rates, OCBC has noted the need to...
LSEG first-half income rises 5.4%, progress on Microsoft joint venture
LONDON Stock Exchange Group (LSEG) reported first-half income above analysts’ expectations on Thursday (Aug 1), helped by progress with its Microsoft joint venture, as well as a rise in...
Distributable income is better metric for assessing Keppel Infrastructure Trust’s performance
I REFER to the article “Keppel Infrastructure Trust reverses into the red with a loss of S$23.9 million in H1 2024” (BT, Jul 26), which highlights profit after tax...
Mizuho profit rises unexpectedly on higher lending income
MIZUHO Financial Group reported a better-than expected increase in its quarterly profit driven by strong performance in its lending and trading businesses.
Net income at Japan’s third-largest bank rose 18...
