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.
DBS, OCBC, UOB average 47% net profit growth in 9MFY21
The 3 banks make up 20% of the total market capitalisation of SGX-listed stocks.
DBS, OCBC, UOB average 47% net profit growth in 9MFY21
The 3 banks make up 20% of the total market capitalisation of SGX-listed stocks.
OCBC's YoY loan growth falls behind DBS, UOB by 2.8% in Q3
However, on a q-o-q comparison, OCBC had the biggest loan growth of 3.8%.
SG retail sales performance signify light at the end of the tunnel - OCBC
This is on the back of an unexpected 6.6% YoY increase in September.
OCBC allows real-time digital purchase of gold, silver
Over $1m and 3,698oz of precious metals have been purchased through the app.
OCBC’s net profits up 19% to S$1.22b in Q3
Net trade income plunged 67%, slightly offset by stronger net fees and commissions.
8 in 10 Singaporeans set aside at least 10% of salary for savings
An average Singaporean saves 27% of his/her salary.
OCBC extends S$148m green loan to Tong Eng Group unit
It is the bank’s first green loan to use the BCA’s BEEA tool.
OCBC launches one-stop travel site ahead of Singapore’s re-opening
Also included with the launch is a credit card focusing on travel.
ESG launches enhanced green financing scheme
This provides 70% risk-sharing to support lending by partner FIs.
MAS, Singapore banks build digital platform against money laundering
This will allow sharing of customer and transaction data on money laundering cases.
What is to expect from SGS infra bonds?
A maiden $2.6b SGS (Infra) bond will be auctioned on September 28.
OCBC Bank announces first sustainability-linked deposit in Singapore
The deposit has a required minimum investment amount of $5,000.
Will the Evergrande debt crisis affect SG banks?
A Jefferies report said Singapore banks have enough buffers.
Olam, Frencken lead most traded stocks rally in August
DBS, Singtel, and OCBC are the most traded stocks for the first eight months of the year.
Daily briefing: SG mulls business travel next month; SG lags in green practices: report
And the Ministry of Health granted $225,000 payout to vaccinated people who suffered side effects.
DBS hits all-time high stock price of $31.47
This is the first time a stock traded above $31 per unit for one session.
Singapore banks push ahead to post-pandemic era
Significant loan book exposure in China is helping them recover faster than their regional peers.
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