Oversea-Chinese Banking Corporation Limited (OCBC)

OCBC Bank extends $148 mil green loan facility to Tong Eng using BCA's new building energy efficiency assessment tool - THE EDGE SINGAPORE

Green loans

OCBC Bank extends $148 mil green loan facility to Tong Eng using BCA's new building energy efficiency assessment tool

The $148 million green loan was issued under Tong Eng Group’s green loan framework.

Banking & finance

Covid-19 'wake-up call' for banks

“[Covid-19] calls for a significant change in mindset": OCBC Bank (Malaysia) CEO Ong Eng Bin.
DBS, UOB among analysts' top picks, as Singapore banking sector remains 'overweight' - THE EDGE SINGAPORE

Banking & finance

DBS, UOB among analysts' top picks, as Singapore banking sector remains 'overweight'

UOB and DBS are the top picks for analysts from CGS-CIMB and UOB Kay Hian.

Company in the news

OCBC closes bank account of restaurant allegedly linked to Ng Yu Zhi

OCBC, Singapore’s second-largest bank, closed the Cicada restaurant’s account, which left it unable to pay employees.
UOB Kay Hian predicts DBS and OCBC to post net profit of $1.54 bil and $1.20 bil in 2Q21 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian predicts DBS and OCBC to post net profit of $1.54 bil and $1.20 bil in 2Q21

UOB KH expects DBS to pay a dividend of 25 cents per share for the 2QFY2021 and OCBC to pay 21.2 cents a share for the 1HFY2021.
Ng Yu Zhi alarmed some banks, including OCBC and UOB, a year before his arrest - THE EDGE SINGAPORE

Company in the news

Ng Yu Zhi alarmed some banks, including OCBC and UOB, a year before his arrest

The timeline raises fresh questions about how Ng could have maintained an alleged $1.46 billion fraud for so long.
CGS-CIMB expects 2Q21 net profit of $1.15 bil from OCBC; sees DPS of 25 cents in 1H21 on basis of dividend cap lift - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB expects 2Q21 net profit of $1.15 bil from OCBC; sees DPS of 25 cents in 1H21 on basis of dividend cap lift

The analysts also note that they expect some “normalisation” in OCBC’s earnings following the exceptional trends in the 1QFY2021.
UOB remains CGS-CIMB's top pick among 'overweight' Singapore banking sector - THE EDGE SINGAPORE

Broker's Calls

UOB remains CGS-CIMB's top pick among 'overweight' Singapore banking sector

The banking sector is seen as a beneficiary of the economic re-openings.
OCBC appoints head of group operations & technology as new COO - THE EDGE SINGAPORE

New appointments

OCBC appoints head of group operations & technology as new COO

Lim Khiang Tong has been appointed as group COO with effect from June 21.
×