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Oversea-Chinese Banking Corporation Ltd (OCBC.SI)

OCBC.SI on Stock Exchange of Singapore

9.59SGD
24 Feb 2017
Change (% chg)

$-0.07 (-0.72%)
Prev Close
$9.66
Open
$9.61
Day's High
$9.65
Day's Low
$9.56
Volume
1,871,000
Avg. Vol
6,000,883
52-wk High
$9.78
52-wk Low
$7.74

Latest Key Developments (Source: Significant Developments)

OCBC shares fall 2.6 percent after Q4 profit drops
Monday, 13 Feb 2017 08:11pm EST 

OCBC :Shares fall 2.6 percent after company reports drop in Q4 profit.  Full Article

Oversea-Chinese Banking says qtrly net interest income fell 7 pct
Monday, 13 Feb 2017 06:02pm EST 

Oversea-Chinese Banking Corporation Limited : qtrly net interest income was 7% lower at s$1.25 billion . qtrly net allowances for loans and other assets of s$305 million for quarter were 57% above s$193 million in 4q15. . for q4 of 2016 ("4q16"), net profit after tax was s$789 million, an 18% decrease from same quarter last year . operating environment in 2016 continued to be challenging . group's common equity tier 1 capital adequacy ratio as at 31 december 2016, was 14.7% . total net allowances for loans and other assets were s$726 million in fy16, as compared to s$488 million a year ago . board has proposed a final tax-exempt dividend of 18 cents per share, bringing fy16 total dividend to 36 cents per share . "looking ahead, while headwinds facing broad economy are likely to persist" . "confident that we are well-positioned to support our valued customers through this difficult period" . there continued to be stresses particularly within oil & gas sector which drove increases in non-performing loans and allowances ."uncertain outlook and depressed oil prices particularly impacted oil and gas support services sector".  Full Article

OCBC says Q4 will continue to be difficult for oil and gas sector
Wednesday, 26 Oct 2016 10:22pm EDT 

Oversea-Chinese Banking Corp : Ceo says Q4 will continue to be difficult for the oil and gas sector . Says one-third of specific provisions in Q3 came from oil and gas sector Further company coverage: [OCBC.SI] (Reporting by Saeed Azhar) ((aradhana.aravindan@thomsonreuters.com;)).  Full Article

Oversea-Chinese Banking Corp posts Q3 net profit after tax of S$943 mln
Wednesday, 26 Oct 2016 07:01pm EDT 

Oversea Chinese Banking Corporation Ltd : Net profit after tax of s$943 million for q3 of 2016 ("3q16"). This was 5% above s$902 million a year ago . qtrly non-interest income increased 25% to s$970 million from s$775 million a year ago . q3 net interest income of s$1.23 billion was 6% lower as compared to s$1.32 billion year before . Group's non-performing loans ("npl") ratio was 1.2% as at 30 september 2016, higher from 0.9% previous year . q3 net interest margin was down 4 basis points at 1.62%, from 1.66% in 3q15 . common equity tier 1 capital adequacy ratio ("car"), as at 30 september 2016, were 15.1% . Operating environment for group remains challenging amidst weak economic conditions .No interim dividend on ordinary shares has been declared for q3 ended 30 september 2016.  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

More From Around the Web

Fitch Rates OCBC's AUD500m Floating Rate Notes at 'AA-'

(The following statement was released by the rating agency) SINGAPORE, February 15 (Fitch) Fitch Ratings has assigned Oversea-Chinese Banking Corp's (OCBC; AA-/Stable) AUD500m floating-rate notes due February 2018 a final rating of 'AA-'. The notes will be issued through OCBC's Sydney Branch under the bank's USD10bn global medium-term note programme. KEY RATING DRIVERS The notes are rated at the same level as OCBC's 'AA-' Long-Term Issuer Default Rating (IDR). This is because the notes will