Oversea-Chinese Banking Corporation Ltd (OCBC.SI)
30 Jun 2016
(The following statement was released by the rating agency) SINGAPORE, April 29 (Fitch) The fall in Oversea-Chinese Banking Corp's (OCBC; AA-/F1+/Stable) net profit reflects the current challenging operating environment, says Fitch Ratings. Despite this, the bank's healthy loss-absorption buffers and stable funding and liquidity position continue to underpin its strong overall credit profile. OCBC's net profit fell 14% yoy to SGD856m in 1Q16 due to weak investment mark-to-market income, par
* Bad debt charges more than doubled to S$167 mln (Adds CEO's comments, Moody's quote)
SINGAPORE, April 29 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, posted a worse-than-expected 14 percent drop in quarterly profit due to an increase in bad debt charges and a lower contribution from its insurance unit.
(The following statement was released by the rating agency) SINGAPORE, April 27 (Fitch) Fitch Ratings has assigned Oversea-Chinese Banking Corporation Limited's (OCBC; AA-/Stable) USD15bn commercial paper programme a Short-Term Rating of 'F1+'. KEY RATING DRIVERS The programme rating is the same as OCBC's Short-Term Issuer Default Rating (IDR) of 'F1+', as the notes issued under the programme will be unsecured short-term promissory notes of the bank and will rank pari passu with all of OCB
SINGAPORE Barclays has agreed to sell its wealth and investment management business in Hong Kong and Singapore to Oversea-Chinese Banking Corp (OCBC) , as the British lender continues its drive to reduce risk and simplify.
* OCBC Singapore assets under management to rise a third (Recasts, adds adviser name, shares, Barclays CEO quote)
SINGAPORE OCBC's path to snapping up Barclays' Singapore and Hong Kong wealth management business became much easier after rival DBS Group Holdings was turned off by fears of poaching at the unit, financial sources familiar with matter said.
SINGAPORE, April 7 A unit of Oversea-Chinese Banking Corp, Singapore's second-biggest lender, said it has agreed to buy part of the Asian wealth unit of Barclays for $320 million, its second major private banking acquisition since 2009.
(The following statement was released by the rating agency) SINGAPORE, March 10 (Fitch) Fitch Ratings has assigned Oversea-Chinese Banking Corp's (OCBC; AA-/Stable) AUD300m floating-rate notes due March 2020 a rating of 'AA-'. The notes will be issued through OCBC's Sydney Branch under OCBC'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 constitute direc
BANGKOK, March 7 Southeast Asian stock markets ended mixed on Monday, with Singapore snapping a six-day winning streak as investors cashed in quick gains in overbought large-caps, but a rally in oil- related stocks brought the Thai index to a near four-month high. Singapore's Straits Times Index was down 0.5 percent after Friday's sixth-straight gain, with selling in shares seen as being overbought, such as Oversea-Chinese Banking Corp . Thailand's SET index rose 1.2 percent
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Oversea-Chinese Banking Corporation Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider : Reuters Investment Profile
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