UOB, Singapore's third-largest bank by assets, projected mid single-digit loan growth and double-digit fee growth for its 2024 outlook, versus low-to-mid single-digit loan growth and high single-digit fees growth for this year's outlook.
"The macroeconomic environment could remain bumpy," said Wee Ee Cheong, UOB's deputy chairman and CEO."However, we expect the ASEAN region to stay resilient. Consumer sentiments remain strong and rising investment flows into the region will bolster growth." "Our Citigroup integration is on track," Wee said."Integration for Indonesia, Thailand and Vietnam is progressing as planned after we successfully migrated all Citigroup customers in Malaysia to our platform.", of 2.09 per cent for the third quarter, up from 1.95 per cent in the same period a year earlier.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore to remove melamine-related requirements for milk imports, including infant formula, from ChinaSINGAPORE: Singapore will remove melamine-related import requirements for milk, milk products and products containing milk from China from Nov 1, the Singapore Food Agency (SFA) said on Monday (Oct 23).
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan to extend until April 2024 subsidies to curb fuel costsTOKYO : Japan's government will extend until the end of April next year subsidies aimed at curbing fuel prices, according to a draft of the government's economic stimulus package reviewed by Reuters on Tuesday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Biden's Israel stance angers Arab, Muslim Americans; could jeopardise 2024 votesWASHINGTON — Arab and Muslim Americans and their allies are criticising President Joe Biden's response to the Israel-Hamas war, asking him to do more to prevent a humanitarian crisis in Gaza or risk losing their support in the 2024 election.
Source: asiaonecom - 🏆 10. / 59 Read more »
MAS to keep its policy unchanged in January 2024: expertspstrongThe prediction comes on the back of core inflation’s continued moderating trajectory./strong/p pExperts believe that the Monetary Authority of Singapore (MAS) will keep its policy parameters unchanged in its January 2024 monetary policy statement (MPS).
Source: SBRMagazine - 🏆 13. / 51 Read more »
Qualcomm unveils new PC laptop chip with AI features for 2024Qualcomm on Tuesday gave details about a chip for Microsoft Windows-based laptops that it claims will be faster at some tasks than Apple's chips for Mac computers.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Construction of Mongolian part of Russian gas link to China may start in early 2024MOSCOW : Construction of the Mongolian portion of Russia's planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024, TASS news agency quoted Russian Deputy Prime Minister Viktoria Abramchenko as saying on Tuesday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »