Banks

Singtel signs S$1.5 billion credit facility from diverse lender pool

[SINGAPORE] Singtel said on Friday (May 29) that its treasury unit signed a S$1.5 billion credit facility agreement with 11 banks.

The banks' stronger non-interest income more than offset the pressure on net interest income caused by lower benchmark rates, says RHB.
BROKERS’ TAKE

RHB upgrades Singapore banks on wealth momentum, resilient fee income; names its top picks

The brokerage expects sector net profit to grow 6% in 2026

Some major Chinese banks operating in Hong Kong have suspended the opening of investment and wealth management accounts for mainland residents, sources say.

Hong Kong banks tighten scrutiny of Chinese clients after trading curbs

Lenders have also raised the threshold for mainland applicants seeking savings accounts

CBA is the market leader in home lending, with a 25% market share, followed by Westpac, NAB and ANZ, their latest financial filings showed.
NEWS ANALYSIS

Once investor darlings, Australian banks get reality check on mortgage change

Their shares slide as housing demand and investor lending weaken; lenders turn to cost cuts, automation to protect returns

HSBC is looking into cutting around 20,000 jobs based on an assumption that AI will help it downsize its middle and back offices.

Bank CEOs’ AI obsession collides with warning from watchdogs

The question of how to regulate AI is evolving across jurisdictions

The Fed has previously signalled it will open its payment rails to more crypto and fintech firms.

Trump tells Fed to consider fintech access to payment accounts

The central bank master accounts are often likened to bank accounts for banks

BPI's NPL coverage ratio of 87.15% is lower than that of its peers but is balanced by its decision to set aside 5.5 billion pesos in new provisions.

Global energy shock tests Philippine lenders’ resilience

They are switching to a defensive stance as new central bank relief measures begin to bite

What is driving the growing divergence between banks and Reits in the current market?

The great yield shift: why banks are gaining altitude as Reits seek grounding

High-yield investments are diverging. Higher rates benefit banks, while Reits face challenges from narrowing spreads, rising debt costs, and low valuations. How do we navigate uncertainty to secure be...

In Singapore, all three big lenders have limited direct exposure to the Middle East with the region accounting for less than 3% of their total lending.
NEWS ANALYSIS

Asia-Pacific banks face growing credit risks, raise provisions as Iran war drags on

The economic toll of the conflict is mounting in the region

The primary culprit for the surge in bad loans is a mountain of credit extended to companies whose earnings are insufficient to cover interest payments.

China’s US$3 trillion of hidden bad debt prolongs economic pain

Chinese banks are also accelerating write-offs and transfers of bad assets