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.
DBS, OCBC, UOB: Who performed best in Q4 2021?
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.
Singapore's carbon tax hike to leave massive economic impact: banks
Power generation, manufacturing, transport industries will be the most impacted.
Scammed? OCBC Bank clients can activate 'kill switch' to freeze accounts
This includes access to current/savings accounts, ATMs, debit/credit cards, and digital banking.
MAS clarifies coverage for loss arising from scams
OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.
OCBC implements anti-scam measures following increased phishing attacks
One measure is the removal of the clickable links in SMSes sent by the bank.
OCBC allows real-time digital purchase of gold, silver
Over $1m and 3,698oz of precious metals have been purchased through the app.
OCBC’s net profits up 19% to S$1.22b in Q3
Net trade income plunged 67%, slightly offset by stronger net fees and commissions.
OCBC extends S$148m green loan to Tong Eng Group unit
It is the bank’s first green loan to use the BCA’s BEEA tool.
OCBC launches one-stop travel site ahead of Singapore’s re-opening
Also included with the launch is a credit card focusing on travel.
MAS, Singapore banks build digital platform against money laundering
This will allow sharing of customer and transaction data on money laundering cases.
OCBC Bank announces first sustainability-linked deposit in Singapore
The deposit has a required minimum investment amount of $5,000.
OCBC Bank and SAS wage war on fraud with award-winning digital surveillance system
The proactive fraud detection system helped OCBC recover $8m worth of fraudulent transactions.
Singapore banks push ahead to post-pandemic era
Significant loan book exposure in China is helping them recover faster than their regional peers.
OCBC net profit soars by 86% to $2.6b in first half
The net profit growth was driven by a robust banking and insurance performance.
Singapore lifts dividend cap on local banks, financial companies
Local financial firms are expected to remain resilient even should the economy slip into a recession again.
OCBC enables Singaporeans to directly view, pay tax in digital bank platform
Customers have the option to pay their tax balances in full or partially.
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