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.
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.
DBS and OCBC expected to deliver steady Q1 net profits
Their net interest margins will ease as a result of their Hong Kong loans.
DBS, OCBC to see net profits dip, loan growth soften in Q1
“Softer NIM but resilient asset quality.”
Two of the largest banks in Singapore are expected to report a year-on-year (yoy) drop in net profits for the first quarter, although their asset quality will remain resilient according to UOB Kay Hian.
OCBC SME Index: Which sectors excelled and lagged in 1Q24?
Overall, SMEs' performance and health remained in a state of contraction with a 49.7 reading.
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.
OCBC Securities marks fourth ETF launch in Singapore
The ETF guarantees a minimum 5% annual dividend for the first 2 years.
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%.
Daily Markets Briefing: STI down 0.85%; Top stock is Yangzijiang Shipbuilding
Yangzijiang Shipbuilding is the top stock with a 3.24% increase.
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.
OCBC net profit up 27% S$7.02b in FY2023; final dividend is 42 cents
Total dividend of 82 cents is 12% higher than the previous fiscal year.
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