Oversea-Chinese Banking Corporation Ltd (OCBC.SI)
24 Oct 2016
BRIEF-Oversea-Chinese Banking Corporation and Great Eastern updates on shareholdings in United Engineers and WBL corp
Sept 26 Oversea-chinese Banking Corporation Limited
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SINGAPORE, July 28 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, posted a 15 percent drop in quarterly profit due to lower contributions from its insurance arm and a drop in investment income.
(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