Interest
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...
Mapletree Logistics Trust chairman increases interest at S$1.31 per unit
Institutions were net sellers of Singapore stocks over the five trading sessions to Aug 1, with S$115 million of net institutional outflow, following the similar pace of S$95 million...
Future offer for Great Eastern, if any, will be made in interest of OCBC: CEO Helen Wong
She notes that the lender’s offer price of S$25.60 is ‘meaningful’, in that it represents a premium to most of the traded metrics of listed life insurance peersIF OCBC...
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...
UOB positive on easing interest rates as loan demand picks up in Q2
For the second quarter ended Jun 30, 2024, the lender’s net profit rises 1 per cent to S$1.43 billionTHE impending ease in global interest rates will likely be beneficial...
Bank of England to finally cut interest rate?
THE Bank of England (BOE) announces its latest interest-rate decision on Thursday (Aug 1), with analysts split on whether it will cut for the first time since the Covid...
Bank of England may kick off slow cycle of interest rate cuts
THE Bank of England (BOE) is likely to warn investors not to expect a string of back-to-back interest rate cuts if its policymakers push ahead with a first reduction...
