Oversea-Chinese Banking Corporation Ltd (OCBC.SI)
30 Mar 2017
(The following statement was released by the rating agency) HONG KONG, March 24 (Fitch) Fitch Ratings does not believe the disposal of stakes in Hong Kong Life Insurance Limited (not rated) by OCBC Wing Hang Bank Ltd (WHB; A+/Stable/a-), Shanghai Commercial Bank Ltd (SCB; A-/Stable/a-) and Chong Hing Bank Limited (CHB; BBB/Stable/bbb) will have an immediate effect on the banks' ratings, but the one-off gains of up to 100% of the banks' annual profit, if retained, will support organic growth
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Oversea-Chinese Banking Corp - Mortgage Covered Bonds https://www.fitchratings.com/site/re/895858 SEOUL, March 21 (Fitch) Fitch Ratings has assigned a final 'AAA' rating to Oversea-Chinese Banking Corp's (OCBC; AA-/Stable/F1+) inaugural issue of EUR500m of mortgage covered bonds. The Outlook is Stable. The covered bonds have been issued in line with the requirements of the Monetary Authority of Singapo
BRIEF-Oversea-Chinese Banking Corporation announces unit's sale of 33.33 pct stake in Hong Kong Life Insurance Ltd
March 20 Oversea-Chinese Banking Corporation Limited
HONG KONG/TORONTO Royal Bank of Canada, the country's biggest lender, has put its Asian wealth management business under review, which could lead to its sale, four people familiar with the matter told Reuters.
(The following statement was released by the rating agency) SINGAPORE, February 15 (Fitch) Fitch Ratings has assigned Oversea-Chinese Banking Corp's (OCBC; AA-/Stable) AUD500m floating-rate notes due February 2018 a final rating of 'AA-'. The notes will be issued through OCBC's Sydney Branch under the bank'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
BRIEF-Oversea-Chinese Banking Corporation bank prices A$500 mln of senior floating rate notes due 2018
Feb 15 Oversea-Chinese Banking Corporation Limited
SINGAPORE Oversea-Chinese Banking Corp, Singapore's second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18 percent drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges.
* Bank sees more stress on loan portfolio from oil and gas sector (Recasts with CEO's comments from briefing, adds share move)
By Geo Tharappel Feb 2 Most Southeast Asian stock markets closed flat to higher on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hints on when it would next raise rates. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.3 percent after hitting its highest since mid-October earlier in the day. "It was already priced in... Everybody was expecting that there would be no rate hikes," said Mikey Macana
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Oversea-Chinese Banking Corp - Mortgage Covered Bonds https://www.fitchratings.com/site/re/890730 SEOUL/SYDNEY, November 23 (Fitch) Fitch Ratings has assigned a 'AAA(EXP)' rating to Oversea-Chinese Banking Corp's (OCBC; AA-/Stable/F1+) inaugural series of mortgage covered bonds. The Outlook is Stable. Covered bonds issued from the programme are expected to comply with the requirements of Monetary Autho