Oversea-Chinese Banking Corporation Ltd (OCBC.SI)
29 Jul 2016
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
SINGAPORE Oversea-Chinese Banking Corp, Singapore's second-biggest lender, warned of sluggish loan growth this year and risks from the offshore marine sector due to weak commodity prices, as it posted its smallest profit in more than a year.
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
* OCBC Singapore assets under management to rise a third (Recasts, adds adviser name, shares, Barclays CEO quote)
SINGAPORE OCBC's path to snapping up Barclays' Singapore and Hong Kong wealth management business became much easier after rival DBS Group Holdings was turned off by fears of poaching at the unit, financial sources familiar with matter said.
SINGAPORE Oversea-Chinese Banking Corp has agreed to buy Barclays' wealth management operations in Singapore and Hong Kong for $320 million, its second major private banking deal since 2009.
SINGAPORE, April 7 A unit of Oversea-Chinese Banking Corp, Singapore's second-biggest lender, said it has agreed to buy part of the Asian wealth unit of Barclays for $320 million, its second major private banking acquisition since 2009.
(The following statement was released by the rating agency) SINGAPORE, March 10 (Fitch) Fitch Ratings has assigned Oversea-Chinese Banking Corp's (OCBC; AA-/Stable) AUD300m floating-rate notes due March 2020 a rating of 'AA-'. The notes will be issued through OCBC's Sydney Branch under OCBC'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 constitute direc