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Oversea-Chinese Banking Corp. Limited

OCBC.SI

Latest Trade

8.61SGD

Change

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Today's Range

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52 Week Range

7.80

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11.82

As of on the Singapore Exchange Securities Trading ∙ Minimum 15 minute delay

Latest Developments

Oversea-Chinese Banking Corp Says NIM Compression Expected In Subsequent Qtrs

May 8 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::NIM COMPRESSION EXPECTED IN SUBSEQUENT QUARTERS FROM FULL EFFECT OF RATE CUTS."ECONOMIC RECOVERY UNLIKELY UNTIL 2021 AT EARLIEST; WATCHFUL OF IMPACT TO NEAR-TERM EARNINGS GROWTH".OVERALL CUMULATIVE CREDIT COSTS OVER NEXT TWO YEARS ESTIMATED TO BE BETWEEN 100-130BPS.SEES NEAR-TERM NPL RATIO TO BETWEEN 2.5% TO 3.5% DUE TO ECONOMIC WEAKNESS AND UNCERTAINTY.

Oversea-Chinese Banking Corp Posts Qtrly Net Profit S$698 Million

May 8 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::AS AT MARCH 31, NPL RATIO 1.5%.EXPECT NEXT FEW QUARTERS WILL BE VERY DIFFICULT FOR INDIVIDUALS AND BUSINESSES.AS AT MARCH 31, CET1 RATIO 14.3%.QTRLY NET INTEREST MARGIN 1.76% VERSUS 1.76%.QTRLY NET PROFIT S$698 MILLION VERSUS S$1,231 MILLION.OVERALL FUNDAMENTALS OF DIVERSIFIED BANKING, WEALTH MANAGEMENT & INSURANCE BUSINESSES REMAIN SOUND.QTRLY NET INTEREST INCOME S$1,626 MILLION VERSUS S$1,534 MILLION.Q1 TOTAL CUMULATIVE ALLOWANCES INCREASED BY S$632 MILLION QOQ TO CUSHION FOR NEAR-TERM IMPACT ON PORTFOLIO.HIGHER SPECIFIC ALLOWANCES IN 1Q20 LARGELY MADE FOR A SINGAPORE BASED CORPORATE CUSTOMER IN OIL TRADING SECTOR.QTRLY NET PROFIT FROM INSURANCE OPERATIONS S$18 MILLION VERSUS S$290 MILLION.

OCBC CEO Says Expects 2020 Revenue To Be Hit By 2 Percent Due To Impact Of Coronavirus

Feb 21 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::CEO SAYS EXPECTS 2020 REVENUE TO BE HIT BY 2 PERCENT DUE TO IMPACT OF CORONAVIRUS.

OCBC Says Improvement In Credit Quality In 2020 Could Be Partly Absorbed By Covid-19 Related Credit Costs

Feb 21 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::IMPROVEMENT IN CREDIT QUALITY IN 2020 FROM PRUDENT PORTFOLIO ACTIONS LAST YEAR COULD BE PARTLY ABSORBED BY COVID-19 RELATED CREDIT COSTS .IN 2020, LOAN GROWTH EXPECTED TO BE LOW.IN 2020, EXPECTS LOW INTEREST RATE ENVIRONMENT TO PERSIST, WITH NIM LIKELY TO TREND BELOW 2019 BUT STAY ABOVE 2018.WATCHFUL OF IMPACT TO BUSINESS FROM CONTINUING TRADE TENSIONS, GEO-POLITICAL RISKS & WIDENING COVID-19 OUTBREAK IN FY20.

OCBC Posts Core Net Profit After Tax Of S$1.24 Bln

Feb 21 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::PROPOSED FINAL DIVIDEND INCREASED TO 28 CENTS PER SHARE.Q4 NET INTEREST INCOME GREW 6% YEAR-ON-YEAR TO S$1.61 BILLION.AS AT DEC 31, COMMON EQUITY TIER 1 RATIO 14.9%.REPORTED A CORE NET PROFIT AFTER TAX OF S$1.24 BILLION FOR Q4 OF 2019, UP 34%.Q4 NET INTEREST MARGIN 1.77% VERSUS 1.72%.AS AT DEC 31 NPL RATIO 1.5%.AHEAD, GLOBAL ECONOMIC OUTLOOK IS EXPECTED TO BE WEAKER THAN ORIGINALLY EXPECTED.

CAA Resources Says CEO Receives Writ Of Summons

Jan 20 (Reuters) - CAA Resources Ltd <2112.HK>::INFORMED BY CO'S CEO THAT HE RECEIVED A WRIT OF SUMMONS TAKEN OUT BY OVERSEA-CHINESE BANKING CORP LTD.HIGH COURT ACTION WAS RELATED TO A LOAN ADVANCED BY OCBC TO UNIT CHINA BRIGHT INDUSTRIES LIMITED.GROUP ALSO BREACHED REPAYMENT OBLIGATIONS UNDER OCBC LOAN; BREACH WILL TRIGGER CROSS- DEFAULTS OF OTHER BORROWINGS AND LOANS OF GROUP.NONE OF MEMBER ENTITY OF GROUP WAS NAMED AS A DEFENDANT IN HIGH COURT ACTION.BREACH WILL CAUSE MATERIAL ADVERSE EFFECT ON OPERATION OF GROUP.CEO AND THE BOARD OF CO CURRENTLY SEEKING LEGAL ADVICE ON HIGH COURT ACTION.

Oversea-Chinese Banking Corp Prices A$150 Mln Of Senior Floating Rate Notes Due 2022

Jan 8 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::OVERSEA-CHINESE BANKING CORPORATION - PRICES A$150 MILLION OF SENIOR FLOATING RATE NOTES DUE 2022.OVERSEA-CHINESE BANKING CORPORATION- NOTES WILL BE ISSUED AT AN ISSUE PRICE OF 100.315%.OVERSEA-CHINESE BANKING CORP-TO BE CONSOLIDATED & FORM A SINGLE SERIES WITH A$550 MILLION OF SENIOR FLOATING RATE NOTES DUE 2022 ISSUED ON 23 MAY 2019.

Oversea-Chinese Banking Corporation Announces Helen Wong As Deputy President

Jan 8 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::OVERSEA-CHINESE BANKING CORPORATION ANNOUNCES HELEN WONG AS DEPUTY PRESIDENT AND HEAD OF GLOBAL WHOLESALE BANKING.CHING WEI HONG, CURRENTLY BANK'S CHIEF OPERATING OFFICER, WILL BE RE-DESIGNATED AS DEPUTY PRESIDENT.

Oversea-Chinese Banking Corp Prices A$500 MLN Of Senior Floating Rate Green Notes Due 2022

Nov 26 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::OCBC BANK PRICES A$500 MILLION OF SENIOR FLOATING RATE GREEN NOTES DUE 2022.NOTES WILL BEAR INTEREST AT 3-MONTH BANK BILL SWAP REFERENCE RATE PLUS 0.63% PER ANNUM, PAYABLE QUARTERLY IN ARREAR.

Oversea-Chinese Banking Corporation Posts Q3 Net Profit After Tax Of S$1.17 Bln

Nov 5 (Reuters) - Oversea-Chinese Banking Corporation Ltd <OCBC.SI>::NET PROFIT AFTER TAX OF S$1.17 BILLION FOR Q3 OF 2019.QTRLY NET INTEREST INCOME CLIMBED 6% YEAR-ON-YEAR TO S$1.60 BILLION.NON-PERFORMING LOANS RATIO ROSE TO 1.58% AS AT 30 SEPTEMBER 2019 FROM 1.47% A QUARTER AGO.5 BASIS POINTS RISE IN NET INTEREST MARGIN TO 1.77% IN Q3.GROUP'S CORE NET PROFIT IN Q3 WAS S$1.26 BILLION, HIGHER AS COMPARED TO S$1.25 BILLION A YEAR AGO.CET 1 RATIO OF 14.4% AS AT 30 SEPT 2019.2% INCREASE IN CUSTOMER LOANS IN QUARTER."GLOBAL AND REGIONAL ECONOMIC GROWTH CONTINUED TO SLOW, AND GEO-POLITICAL EVENT RISKS HAVE INCREASED".

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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