OCBC Bank

OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912.
See below for the Latest OCBC Bank News, Analysis, Profit Results, Share Price Information, and Commentary. 

Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent

HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring.

Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent

HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring.

OCBC net profit rose 7% to S$2.83b in H1

This was buoyed by higher net interest, although non-interest income fell during the period.

MAS’s framework for loss-sharing for bank scam victims “taking longer than expected”

Singapore’s financial regulator expects to publish the draft framework in the coming months.

OCBC, Standard Chartered complete 30-year SORA OIS trade

The 30-year SORA OIS trade was the first transaction cleared by LCH.

Singapore big three banks poised for earnings growth

UOB, OCBC, and DBS have strong non-interest incomes.

DBS vs OCBC: Which bank will be the bigger winner from an upcycle in interest rates? 

An analyst said one of the banks will have an earnings growth of 15.9% in 2023.

DBS raises fixed home loan rate, scraps 5-year fixed package: report

The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.

OCBC appoints first-ever head of Group Data Office

MacDonald led the creation of the bank’s dedicated AI unit in 2018.

MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco

The review found deficiencies in the bank’s risk mitigation and incident management.

OCBC invests S$25m to reduce carbon footprint in operations

The bank plans to retrofit its buildings with solar panels.

Singapore banks report lower earnings in unison

DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.

OCBC reports S$1.36b net profit in Q1

Profits were 10% lower than last year, but 39% higher than Q4 2021.

OCBC NISP transforms its branch into a financial fitness gym

This is the bank’s way to instill the “FinanciallyFit first, CrazyRich later” mindset to the younger generation.

Singapore banks halt lending for Russian energy trades: report

DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.

DBS, OCBC, UOB: Who performed best in Q4 2021?

One of the three failed to meet market expectations.

OCBC closes 2021 with 35% surge on profits

Proposed final dividend was increased to 28 cents per share.