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  2. United Overseas Bank - Wikipedia

    en.wikipedia.org/wiki/United_Overseas_Bank

    In September 2001, UOB acquired Overseas Union Bank, then Singapore's fourth largest local bank, in a deal worth S$10 billion. United Overseas Bank History Plaque. In 2002, UOB started expanding into the Chinese market by opening a new full-service branch office in Shanghai and upgrading of its Beijing office to a full-service branch.

  3. Equated monthly installment - Wikipedia

    en.wikipedia.org/wiki/Equated_Monthly_Installment

    The formula for EMI (in arrears) is: = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).

  4. List of banks in Singapore - Wikipedia

    en.wikipedia.org/wiki/List_of_banks_in_Singapore

    Merged into Oversea-Chinese Banking Corporation and renamed Singapore Island Bank. Not to be confused with the current Bank of Singapore which is renamed from ING Asia Private Bank. [3] Chung Khiaw Bank Limited. 崇僑銀行有限公司. Singapore. 1999. Merged into United Overseas Bank. Far Eastern Bank Limited.

  5. SIBOR - Wikipedia

    en.wikipedia.org/wiki/SIBOR

    SIBOR. SIBOR stands for Singapore Interbank Offered Rate [1] and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market ). It is similar to the widely used LIBOR ( London Interbank Offered Rate ), and Euribor (Euro Interbank ...

  6. DBS Bank - Wikipedia

    en.wikipedia.org/wiki/DBS_Bank

    The Development Bank of Singapore Limited was established on 16 July 1968 by the Singapore government to take over the industrial financing responsibilities of the Economic Development Board (EDB) and began operations on 1 September 1968. [12] The bank's main function upon its establishment was to finance Singapore’s industrialisation and the ...

  7. Interest rate cap and floor - Wikipedia

    en.wikipedia.org/wiki/Interest_rate_cap_and_floor

    In finance, an interest rate cap is a type of interest rate derivative in which the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. An example of a cap would be an agreement to receive a payment for each month the LIBOR rate exceeds 2.5%. Similarly, an interest rate floor is a ...

  8. One Raffles Place - Wikipedia

    en.wikipedia.org/wiki/One_Raffles_Place

    One Raffles Place is a skyscraper in Downtown Core, Singapore. The development comprises two towers and a podium. The 280 m (920 ft) tall Tower One and the 38-storey Tower Two house offices, while the podium contains retail space. Initially conceived in the late 1970s as Overseas Union Bank Centre, the headquarters of Overseas Union Bank (OUB ...

  9. Nominal interest rate - Wikipedia

    en.wikipedia.org/wiki/Nominal_interest_rate

    The nominal interest rate, also known as an annual percentage rate or APR, is the periodic interest rate multiplied by the number of periods per year. For example, a nominal annual interest rate of 12% based on monthly compounding means a 1% interest rate per month (compounded). [2] A nominal interest rate for compounding periods less than a ...