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 says its anti-malware security feature saved more than S$2m since launch
OCBC says its anti-malware security feature saved more than S$2m since launch
The feature protected over 30 customers whose phones contained malware from sideloaded apps.
OCBC offers digital invoice financing to SMEs
Over 55,000 SMEs are registered in InvoiceNow.
OCBC prices S$550m perpetual capital securities at 4.5%
OCBC served as the sole lead manager and bookrunner for this issue.
Hiring freeze felt as HK banks focus on talent development
Many senior roles in banking get cut, but relationship managers, private bankers, and tech roles remain sought after.
OCBC reports record net profit of S$3.59b in H1; H1 dividend at 40 cents
The dividend is 43% or 12 cents higher than in H1 2022.
OCBC, UnionPay bolster cross-boundary digital payment feature
Customers can make payments from their OCBC accounts of up to S$1,000 daily.
SG incumbent banks unlikely to take hit from neobanks' deposit cap raise: Fitch
Digital banks could face challenges beyond funding.
OCBC issues green trade finance facility to Seatrium
The trade facility, with issuance of Banker’s Guarantee, is worth about S$1.04b
OCBC, Ascenda to offer more transfer options for rewards currencies
It is now available to OCBC customers holding Travel$, Voyage Miles and OCBC$ rewards balances.
OCBC unifies branding, renames Hong Kong and Macau subsidiaries
OCBC Wing Hang has been renamed as OCBC Bank (Hong Kong).
MAS unveils open-source toolkit for responsible AI-use in finance
It was supported by the collaborative effort of the association of 31 industry players.
OCBC Wing Hang's capitalisation, profits to offset real estate risks: Moody's
The bank’s exposure to real estate markets may affect asset quality.
OCBC unveils digital account opening for foreigners moving to SG
Individuals from Malaysia, Indonesia, mainland China, and Hong Kong can avail of the service.
MAS fines 4 entities S$3.8m for failures in anti-money laundering controls
DBS and OCBC are fined S$2.6m and S$600,000, respectively.
OCBC buys more Great Eastern shares for S$39.9m
OCBC now owns 88.4% of its subsidiary’s shares.
OCBC to remain strong and stable through 2024: Moody’s
Asset quality and nonperforming loans will likely remain between 1% to 1.5% in 2023-2024.
OCBC unveils decarbonization targets for six sectors
The bank commits to achieving a net zero status for its financed emissions by 2050.
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