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 appoints Sunny Quek as head of global consumer financial services
He will lead the bank’s banking and wealth business in Singapore.
OCBC appoints Sunny Quek as head of global consumer financial services
He will lead the bank’s banking and wealth business in Singapore.
Chart of the day: OCBC SME Index remains expansionary for 7th quarter
Outlook for the fourth quarter remains good despite expectations to moderate downwards
Market update: STI down 0.74%
DBS stocks dipped by 0.88%
Chart of the day: Baby boomers are better at living sustainably
OCBC found out that green habits suit their life stage.
More Singaporeans want a greener future but are doing more emissions-heavy activities
Amongst these activities include use of air conditioners, which rose 21% in 2022.
OCBC, NUS commence study to encourage EV adoption in Singapore
A total of 32,000 OCBC customers are expected to participate in the study.
Market update: STI up 0.29%
Highest gainer is OCBC Bank with 0.81%.
Massive NIM expansion backs increase of DPS in 2023: analyst
DBS, OCBC, and UOB posted expansion in the second quarter (Q2) of 2022.
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.
Crash ahead? Residential sales to take a hit from banks’ increased fixed-rate home loans
Home loan rates now range from 2.75% p.a. to 3.08% p.a.
DBS vs OCBC: Which bank will post a higher net profit in Q2?
According to UOB Kay Hian, both banks' net profits will decrease.
Market update: STI down 0.52%
Jardine Matheson Holdings is the highest gainer with 1.42%.
OCBC SME Index: Which sector performed best in Q2?
The top sector's reading jumped to 52.8 in Q2 from 50.9 in Q1.
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.
MCT appoints former OCBC CEO as new non-executive director
Samuel Tsien led OCBC for nine years.
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