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  • Editor’s Picks / 15 May 2015 at 3:22 GMT

    Tough credit environment ahead: OCBC

    The boss of Singapore's Oversea-Chinese Banking (OCBC) has expressed caution over the impending credit environment, amid global growth concerns worldwide and a looming transition back to normal interest rates in the US. CNBC's Christine Tan and See Kit Tang write that group CEO Samuel Tsien says "as we go back to a more normal credit environment, it is going to be tougher than last year". A recovery in the US is paving the way for a rise in the country's interest rates, which many analysts expect to take place in September. With the three-month Singapore interbank offered rate, or SIBOR, closely linked to the US Federal funds rate, that rise will likely pull the city-state's lending rates higher as well. The Sibor hit a six-year high of above 1% in March and was at 0.8788 per cent on Thursday.
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  • Video / 30 June 2014 at 15:04 GMT

    Chinese banks booming in latest survey of global banking

    Angus Walker
    The latest survey of world banks carried out by The Banker magazine has revealed the relentless rise of the Chinese banking sector. Last year, a Chinese bank topped the chart for the first time, this year Chinese banks accounted for thirty percent of worldwide banking profits, or almost USD three hundred billion in pre tax profits.
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