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OCBC
Results
OCBC reports record FY2022 earnings of $5.75 billion, up 18%
The bank plans to pay a final dividend of 40 cents, bringing full year payout to 68 cents
February 24, 2023
Results
Great Eastern Holdings reports 4QFY2022 earnings of $3.3 million, down 99%
Great Eastern plans to pay a final dividend of 55 cents, bringing the payout for FY2022 to 65 cents.
February 22, 2023
Broker's Calls
RHB maintains 'buy’ on OCBC Bank amid expectations of a stable 4QFY2022
The RHB analysts expect the bank to post a net profit of $1.55 billion for the quarter, down an estimated 3.5% q-o-q.
January 25, 2023
Debt and defaults
Keeping it short for SGD credit market in 2023
Business activity slowed but the SGD credit market remained resilient with $22 billion issued, vs $25 billion raised in 2021
January 04, 2023
Zest
Convicted bank relationship manager slapped with 15-year prohibition order
Han was sentenced to seven years’ imprisonment.
December 07, 2022
Zest
OCBC private banking unit fined US$1.12 million by Dubai regulator
The penalty was reduced from US$2 million
November 10, 2022
Zest
Tailwind lifts profits of local banks as they chart growth trajectories
Banks' double-digit earnings growth were buoyed by NII. DBS, UOB have a cautious 2023 outlook, OCBC is a lot more positive
November 09, 2022
Results
OCBC reports record quarterly earnings of $1.6 billion, up 31% y-o-y
OCBC's net interest margin increased by 54 basis points to 2.06% for 3QFY2022.
November 04, 2022
Cryptocurrency
Lees and Lees make crypto push with new funds
Whampoa Group plans to raise US$50 million for a crypto-related hedge fund
September 09, 2022
Digital Economy
Digitalisation of trade finance a marathon, not sprint
Trade finance is being gradually digitalised as players work out common platforms, common laws, regulations and practices
August 30, 2022