Singapore banks shares lower compared to 2011 peak

Singapore banks like DBS, OCBC and UOB are share prices are lower from their 2011 peak. But still it may not be a good time to pick these shares up since analyst report that the poor economic outlook will have impact on the bank growth, as reported on ST today, money section.

Citibank iPhone App - Searching for ATMs

Citibank iPhone app is pretty cool :) locations of branches are shown easily

In fact most of the Singapore banking apps have branches, ATM, and cash deposit machines listed on the map. So even if you do not like online or phone banking, you can still download the app just to find your nearest ATM. Useful stuff!

Din Tai Fung abalone Yu Sheng

DBS and POSB card members will get an exclusive 15% off for a deluxe (8-10 pax) prosperity abalone Yu Sheng. The normal per pax is $68.80.

There pineapple cakes are good too , I love it.... Go and check it out :)

DBS customers have their cash withdrawn fraudulently

Remember to check your bank accounts to see are you affected by the fraud.

And this is also a heads up for customers and banks to step up their security measures whenever applicable. Although this could be a rare incident, do practice more discretion especially if you do lots of online banking, because nowadays there's a lot of syndicates out hunting for your money.

MAS Notice on Sale of Investment Products

MAS (Monetary Authority of Singapore) Notice on Sale of Investment Products/Plans

From 1 January 2012, investment products are classified into 3 categories:

  (1) Excluded Investment Products ("EIPs")

    (a) Stock or shares issued by a corporation listed or quoted on Singapore Exchange
    (b) Units in Real Estate Investment Trusts
    (c) Company Warrants
    (d) Preference Shares
    (e) American Depository Receipt
    (f) Subscription rights pursuant to rights issues
    (g) Unit in business trust
    (h) Debenture other than asset-backed securities or structured notes
    (i) Contract or arrangement on foreign exchange trading

  (2) Listed Specified Investment Products ("Listed SIPs")

    (a) Stock or shares listed or quoted on a foreign exchange
    (b) Exchange Traded Funds / Notes
    (c) Extended Settlement Contracts
    (d) Structured Warrants and Options
    (e) Stapled Securities
    (f) Certificates
    (g) Futures Contracts
    (h) Other listed investment products that are not classified as Excluded Investment Products

  (3) Unlisted Specified Investment Products ("Unlisted SIPs")

    (a) Contracts for Difference ("CFD")
    (b) Collective Investment Scheme (commonly known as unit trusts)
    (c) Investment Link Product ("ILP")
    (d) Structured Deposits / Notes
    (e) Other unlisted investment products that are not classified as Excluded Investment Products


Sharing by Singapore Banks 101 Blog. Please note that content is not recommendations. Do seek financial advise when in doubt.

Shop with VISA Debit Card at NTUC Income and Win

Use your VISA Debit card at NTUC Income and stand a chance to win shopping vouchers for the month of August! Eligible debit cards from the respective banks:

DBS VISA Debit Card

DBS Takashimaya Visa Debit Card

DBS Treasures Private Client Visa Debit Card

Citibank ATM/Debit Card

Citigold ATM/Debit Card

Citigold Private Client ATM/Debit Card

Citibank SMRT ATM/Debit Card

HSBC Platinum Debit Card2

HSBC Advance Debit Card

HSBC Premier Platinum Debit Card

OCBC YES! Card(l) Plus! / NTUC Plus! Visa Debit Card

UOB Visa Debit Card

How to participate: Simply spend S$50 in a single receipt on your Visa Debit Cards from now till 31August2011 to participate. 


 This promotion is applicable at NTUC FairPrice,  FairPrice Finest, and FairPriceXtra  outlets.




Sharing by Singapore Banks 101 Blog. Please note that content is not recommendations. Do seek financial advise when in doubt.

Save 3% on Saturdays with DBS and POSB Debit Cards

Here's another good reason to spend on weekends: 

3% Saver Saturday

You can now plan to shop to your heart's content at your favourite stores! Your DBS/POSB Debit Cards now gives you 3% cashback every Saturday.

Spend at selected merchants every Saturday from 30 July 2011 – 30 November 2011 with DBS/POSB Debit Cards and get 3% cashback.


You can enjoy the 3% cashback when you shop locally at the following merchants*:

• Courts	• Popular	• Harris Bookstore
• Mustafa	• UrbanWrite	• Harris Planerds
• McDonald's	• {Prologue}	• Sheng Siong
• SPC

Sharing by Singapore Banks 101 Blog. Please note that content is not recommendations. Do seek financial advise when in doubt.

HSBC Revolution Credit card promotion Aug 2011

From now till 31 Oct 2011, charge to your HSBC Revolution Credit card and you stand to win a Olympus camera! The HSBC card also gives discount for the following:

1. The Handburger
2. Fatboy's The Burger Bar
3. Pump  Room
4. Hard Rock Cafe Singapore
5. and many more merchants, 

So check out our thread for more information, and head down to your favorite F&B restaurant now!!


Sharing by Singapore Banks 101 Blog. Please note that content is not recommendations. Do seek financial advise when in doubt.

UOB's Q2 net profit up for year 2011

Aug 12 (Reuters) - Singapore's United Overseas Bank , Singapore's third-largest lender, posted a 5.6 percent rise in second-quarter net profit on Friday, beating expectations on strong growth in fee and commission income as well as strong loan growth.

UOB earned S$636 million ($525 million) in the three months ended June, compared to S$602 million in the year-earlier period. Its results were above the average estimate of S$616 million in a Reuters poll of five analysts.

Singapore banks have seen strong loans growth over the past year, but this has not translated into significantly higher interest income as rates are hovering at historic lows.

DBS , Southeast Asia's biggest bank, last month posted a quarterly profit that was slightly above analyst forecasts, helped by strong loan growth as it rebounded from a loss a year ago when it took a goodwill charge.

source, read more here: http://www.reuters.com/article/2011/08/12/uob-idUSWNAS355920110812


Sharing by Singapore Banks 101 Blog. Please note that content is not recommendations. Do seek financial advise when in doubt.