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.
OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76
Higher wealth management and insurance income pushed up fee income.
OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76
Higher wealth management and insurance income pushed up fee income.
OCBC courts Great Eastern with S$1.4b offer
The bank plans to increase its investment beyond its current 88.44% stake.
Chinese banks dominant whilst Japan, South Korean banks’ assets falter
Australian and Singaporean banks’ assets remained steady, S&P’s study showed.
Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May
Over 7,000 cyclists are expected to participate at the OCBC Cycle 2024.
OCBC remains stable amidst strong credit fundamentals: Moody's
This will be backed by healthy credit standing.
OCBC completes buy of PT Commonwealth Bank Indonesia
Full integration is targeted for Q4 2024.
Alipay+ enables 14 foreign e-wallets to pay in Hong Kong
About 90% of HK merchants now accept payments using foreign e-wallets.
Bank of Singapore HK names ex-chief of Credit Suisse HK as its new chief executive
Rickie Chan succeeds Cindy Wong, who will serve as advisor until 31 May.
DBS and OCBC expected to deliver steady Q1 net profits
Their net interest margins will ease as a result of their Hong Kong loans.
OCBC’s green car loans surged sixfold as new EV brands pique buyers
Loan demand for used EVs rose 30 times compared to launch, the bank said.
Singapore banks’ interest rates will remain elevated until Q3: analyst
DBS and OCBC are expected to provide dividend yield of 7.4% and 6.5%.
Empathy deficit erodes customers’ trust in banks
Customers who feel valued are willing to spend more for banking products.
OCBC cross-border QR payments to quadruple in 2024 on China tourist wave
The bank anticipates 250,000 cross-border QR payments this year.
Why Singaporeans are okay with locking away over $4b of their money
Customers can only access ‘locked’ money with a physical card or by visiting a branch.
OCBC unveils new financing programme for women SME owners
They can avail of up to $100,000 in loans with processing fees waived.
OCBC’s Mayda Lim in building the next pipeline of tech, banking talent
Lim weaves the need to support women bankers with the wider talent shortage in the industry.
DBS, OCBC, and UOB post combined net interest income of $8.3b in 4Q23
4Q23 marks the 5th consecutive quarter that the combined NII of the big three was above $8b.
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