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.
Singapore stocks book $1b in net retail inflow so far this year
Singapore stocks book $1b in net retail inflow so far this year
Capital flight from banks was more than offset by large net buying in other stocks.
OCBC Ignite aims to double poly graduate intake
Only 3% of graduates join the financial sector full-time permanently.
Singapore’s big banks aim for 96% emissions cut by 2050
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.
STI gains 7% in six weeks, logs highest close since Aug 2023
Net institutional inflow boosted the index.
OUE REIT executes first interest rate swap with carbon credits
The REIT will use the carbon credits received to offset residual emissions.
DBS, UOB, and OCBC lead SG stocks with a $500m net institutional inflow
The trio averaged 15.6% total returns from 1 January to 23 May.
OCBC launches $676.95m fixed rate subordinated notes
The notes will have a coupon of 5.52% annually.
OCBC's bid for Great Eastern Life to boost sector valuations
OCBC has been a shareholder in Great Eastern Life since 1958.
SGX welcomes ETF tracking APAC financial institutions
It has S$47m in assets under management at launch.
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.
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