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Oversea-Chinese Banking Corporation Ltd (OCBC.SI)

OCBC.SI on Stock Exchange of Singapore

10.43SGD
26 May 2017
Change (% chg)

$-0.04 (-0.38%)
Prev Close
$10.47
Open
$10.42
Day's High
$10.45
Day's Low
$10.42
Volume
9,152,900
Avg. Vol
5,868,439
52-wk High
$10.65
52-wk Low
$8.22

Latest Key Developments (Source: Significant Developments)

Oversea-Chinese Banking Corporation bank prices A$500 mln of senior floating rate notes due 2018
Wednesday, 15 Feb 2017 04:08am EST 

Oversea-Chinese Banking Corporation Limited : OCBC Bank Priced A$500 Million Of Senior Floating Rate Notes Due 2018 . Net proceeds from issue of notes will be used for general corporate purposes of ocbc bank . Notes will bear interest at 3-month bank bill swap reference rate plus 0.49% per annum, payable quarterly in arrear .Application will be made for listing of notes on singapore exchange securities trading, notes expected to be listed on SGX-ST on 23 Feb.  Full Article

OCBC CEO says cautious on new loan origination
Monday, 13 Feb 2017 09:39pm EST 

Singapore OCBC CEO says: Stress situation in oil and gas sector is expected to continue . Cautious on new loan origination Further company coverage: [OCBC.SI] (Reporting by Anshuman Daga) ((Anshuman.Daga@thomsonreuters.com;)).  Full Article

Oversea-Chinese Banking Corp updates on OCBC Group's shareholdings in United Engineers & WBL Corp
Friday, 10 Feb 2017 04:18am EST 

Oversea-Chinese Banking Corporation and Great Eastern Holdings : Joint Announcement: OCBC Group's Shareholdings in United Engineers Limited & WBL Corporation Limited . They have received non-binding expressions of interests over their combined stakes in UEL and WBL .OCBC Bank and GEH are evaluating these expressions of interests and there is no certainty that any transaction will materialise.  Full Article

Oversea-Chinese Banking Corporation and Great Eastern updates on shareholdings in United Engineers and WBL corp
Monday, 26 Sep 2016 07:49am EDT 

Oversea-chinese Banking Corporation Limited : (Joint Announcement: Ocbc Group's Shareholdings In United Engineers Limited & Wbl Corporation Limited) . Co and Great Eastern currently reviewing strategic options with respect to their combined stakes in united engineers and wbl corp .No decision has been made at this time to pursue any specific transaction or any other strategic option.  Full Article

Oversea-Chinese Banking says Q2 net profit S$885 mln
Wednesday, 27 Jul 2016 07:04pm EDT 

Oversea-Chinese Banking Corporation Ltd : Second quarter and/ or half yearly results) . Ocbc group reported second quarter 2016 net profit of s$885 million; second quarter earnings down 15% . The second quarter, net interest income declined 2% to s$1.26 billion from s$1.28 billion . Interim dividend maintained at 18 cents per share . Qtrly non-interest income was 16% lower at s$788 million as compared with s$939 million a year ago . Group's common equity tier 1 capital adequacy ratio tier 1 car and total car as at 30 June 2016, were 14.9%, 15.5% and 17.5% respectively . Net interest margin for the quarter rose 1 basis point to 1.68% from a year ago from improved customer loan yields. . Quarter end group's npl ratio was 1.1%, higher from 0.7% a year ago and from 1.0% the previous quarter . "We are well-positioned to weather the uncertainties ahead" .  Full Article

Oversea Chinese Banking updates on increase in shareholding in Great Eastern
Wednesday, 27 Jul 2016 05:43am EDT 

Oversea-Chinese Banking Corporation Ltd : Increase in shareholding in Great Eastern Holdings Limited . Purchased, on a willing buyer willing seller basis, 100,000 shares at S$21.45 per share in Great Eastern . Says purchase has increased ocbc bank's shareholding in geh from 87.73% to 87.75% .Deal for a total gross consideration of S$2.145 million in cash.  Full Article

Oversea-Chinese Banking Corp merges two banking units in China
Monday, 18 Jul 2016 02:51am EDT 

Oversea-Chinese Banking Corporation Ltd : Merges two banking subsidiaries in China to become OCBC Wing Hang China . Headquartered in Shanghai, OCBC Wing Hang China has a registered capital of RMB5 billion (s$1 billion) ((For more news, please click here [OCBC.SI])) ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Investors file U.S. lawsuit accusing banks of conspiring to rig derivative prices incorporating Singapore rate benchmarks
Friday, 1 Jul 2016 03:44pm EDT 

: Investors file U.S. lawsuit accusing banks of conspiring to rig derivative prices incorporating Singapore rate benchmarks-filing . Lawsuit alleges rigging based on Singapore interbank offered rate, Singapore swap offer rate . Some defendants include Citigroup Bank, of America, JPMorgan Chase rbs, UBS, ING, BNP Paribas Oversea Chinese Banking Corp- . Defendants also include Barclays, Credit Agricole Credit Suisse stanchart, Dbs, Mitsubishi Ufj HSBC, Macquarie, Commerzbank.  Full Article

Moody's changes outlook on Singapore's banking system to negative
Wednesday, 29 Jun 2016 09:54pm EDT 

Moody's: Moody's changes outlook on Singapore's banking system to negative . Moody's On Singapore - Expect rising risks to the banks' asset quality and profitability . Moody's On Singapore - Growth will be adversely affected by slowing domestic manufacturing sector, weaker economic activity in Greater China, Malaysia .Moody's - Negative outlook on Singapore's banking system over next 12-18 months reflects weaker operating conditions for the banks.  Full Article

Oversea-Chinese Banking Corp announces disposal of interest in Singapore Index Fund
Monday, 30 May 2016 05:58am EDT 

Oversea-Chinese Banking Corporation Ltd : Disposal of interest in Singapore index fund . Total net cash proceeds of approximately s$19.3 million . sale not expected to have material impact on eps of ocbc bank for year ending 31 dec 2016 .  Full Article

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