Business Banking, Sustainability

Sun Venture obtains £85.5 million green loan from OCBC Bank

OCBC Bank is the sole lender and green loan advisor for this transaction. The green loan was extended under Sun Venture’s existing Green Loan Framework which was developed with OCBC Bank for its maiden green loan in 2019

Business Banking, Sustainability

OCBC Bank extends Wilmar a three-year US$150 million sustainability-linked loan

OCBC Bank and Wilmar had previously collaborated on a US$200 million sustainability-linked loan in 2018.

Consumer Banking

Singapore's first 'Eco Care' home and renovation loan to incentivise eco-friendly customers with lower interest rates and rewards

OCBC Bank launches Singapore’s first eco-friendly retail loans for residential property purchases and renovation.

Business Banking, Sustainability

Far East Hospitality Trust secures maiden sustainability-linked loan facility of S$125 million from OCBC Bank

The loan’s interest margin are tied to selected sustainability targets that were set together with OCBC Bank, the sole lender for the transaction.

CSR, Events & Sponsorships

OCBC Cycle 2021 to bring the thrill of road racing after two-year hiatus due to Covid-19

The 13th edition of OCBC Cycle will feature a hybrid format of on-site races and mass virtual rides with new distances of 100km and 200km

Business Banking, Sustainability

Manulife US REIT partners DBS and OCBC Bank on maiden sustainability-linked loan

This US$250 million sustainability-linked loan comes on the back of Manulife US REIT's inaugural green loan which we extended last year, after developing their green loan framework.

Insights

The global markets one year on in pandemic: Is the best yet to be?

One year after global equities took a huge hit due to the pandemic, the global economic recovery is on track to gradually return to pre-pandemic levels.

Consumer Banking

OCBC Bank is first in Southeast Asia to enable face verification for ATM banking transactions

From tomorrow, OCBC Bank customers will be able to check account balances at selected ATMs using face verification. This will be rolled out progressively to all 550 OCBC Bank ATMs in Singapore for cash withdrawals and other ATM services.

Business Banking, Sustainability

Gold Ridge bags S$900 million green loan from DBS, OCBC Bank and UOB for NEX mall

This deal marks Gold Ridge’s first foray into sustainable finance.

Consumer Banking

OCBC Bank launches ‘ECO-CARE’ car loan package for purchase of electric vehicles

In addition to lower loan interest rate, eligible customers can enjoy up to 18 months of free charging and free installation of charging station

Insights, Sustainability

Three reasons why a greener economy is achievable

Business Banking

For SMEs that have gone digital, the new challenge is to be deeply digital

Pandemic pushed many to go digital; they now have the opportunity to mine the possibilities of the new currency of digitalisation: data.

Business Banking, Sustainability

Time for Singapore's SMEs to prioritise sustainability

With grant support and green financing options, even small businesses can pivot to get ready.

Corporate News

OCBC Group Fourth Quarter 2020 Net Profit Rose 10% to S$1.13 billion from the Previous Quarter

Full year 2020 net profit at S$3.59 billion

Business Banking, Sustainability

OCBC Bank and Charge+ form strategic partnership to 'green' Singapore's land transport sector

OCBC Bank and Charge+, an operator and provider of electric vehicle (EV) charging solutions, have entered into a strategic partnership to accelerate the ‘greening’ of Singapore’s land transport sector.

Business Banking, Sustainability

Mapletree Logistics Trust secures S$200 million green revolving credit facility from OCBC Bank

Mapletree Logistics Trust's first foray into sustainable finance, back in November 2019, was also supported by OCBC Bank through a S$200 million sustainability-linked loan.

Human Resource

OCBC Bank rolls out employee support programme for Covid-19 vaccine

Consumer Banking

OCBC Bank launches Singapore’s first consumer loan for residential solar panels

Exclusive partnership with Sembcorp Power enables landed property homeowners to adopt solar energy with greater ease.

Corporate News

OCBC appoints Ms Helen Wong as Group Chief Executive Officer, succeeding Mr Samuel Tsien

Consumer Banking

OCBC Bank extends more than S$1 billion home loans linked to Singapore's new interest rate benchmark, SORA, in less than six months

Half of the loans were fully processed digitally

Business Banking

OCBC Bank launches OCBC OneCollect merchant app to facilitate PayNow collections by SMEs

Instant in-app notification function and automation of reconciliation and refunds are some of the benefits that resource-starved SMEs will benefit from.

Corporate News

OCBC Bank adopts the Equator Principles

The voluntary adoption of the Principles signifies the next step of its commitment to sustainability by strengthening its Responsible Financing framework

Business Banking, Sustainability

OCBC Bank launches framework that gives Singapore SMEs increased access to sustainable financing

The OCBC SME Sustainable Finance Framework is set up to help SMEs accelerate their sustainability plans.

Consumer Banking

OCBC Financial Wellness Index dips 2 points amidst Covid-19 pandemic; better savings habits buoy Index from a harder fall

This year's survey shed more light on Millennial's financial struggles and women's financial habits.

Wealth Management

Lion Global Investors and OCBC securities Establish First Tech-Focused ETF In Singapore

The Lion-OCBC Securities Hang Seng TECH ETF captures the growth potential of the 30 largest technology companies listed in Hong Kong and offers investors an easy and affordable way to access these companies.

Business Banking, Sustainability

OCBC Bank partners Tong Eng Group on Singapore's first SORA-based green loan

The proceeds from the green SORA-based loan will be used for the refinancing of Tong Eng Building, which received the Building and Construction Authority (BCA) Green Mark Platinum re-certification in October 2020.

Appointments

OCBC Bank appoints new head of OCBC Securities

Mr Wilson He’s experience with online trading platforms will help to drive the brokerage’s digital transformation.

Business Banking

OCBC Bank extends first SORA-based loan in energy sector to Sembcorp industries

SORA-based loans have been gaining traction, with OCBC Bank extending close to S$1 billion of such loans to date.

Business Banking

OCBC Virtual SME Campus born out of Singapore extended circuit breaker set to strengthen digital capabilities of more than 3,000 SMEs

To date, over 5,000 employees from more than 2,500 SMEs have attended OCBC Virtual SME Campus since its launch in April 2020.

CSR, Events & Sponsorships

First OCBC Cycle Virtual Ride fully taken up one month before close of registration

Human Resource

OCBC Bank's Data Certification Pathway is first data analytics and digital programme to obtain industry accreditation

This gives OCBC Bank employees an industry-recognised certificate to become qualified data analysts, fully funded by the bank

Business Banking, Sustainability

OCBC Bank provides first property green loan in South Korea to M&G Real Estate

This transaction marks the first sustainable finance transaction in South Korea for the bank.

Consumer Banking

OCBC Bank launches Singapore's first compounded SORA home loan

Following the 90-Day SORA home loan launch in July, OCBC Bank continues to lead the way in launching another new SORA-based home loan.

Corporate News

OCBC Group Reported First Half 2020 Net Profit of S$1.43 billion

Second quarter earnings rose 5% from the first quarter to S$730 million

Business Banking, Sustainability

World's first sustainable sugar supply chain collaboration leads way for sustainable future in global trade

OCBC Bank was a participant in this collaboration, providing a sustainability-linked trade facility to support the trade and shipment of 50,000 metric tonnes of sustainably sourced sugar, valued at almost US$16,000,000.

Business Banking, Sustainability

Swire Properties secures HK$1 billion green loan from OCBC Bank

Among the projects earmarked to benefit from this loan is Two Taikoo Place in Hong Kong

Business Banking, Sustainability

M+S secures S$1.95 billion green loan for award-winning Marina One from DBS, OCBC Bank and UOB, the largest to date by a real estate company in Asia Pacific

The proceeds of the green loan will be used to partially refinance the office and retail components of Marina One, which are valued at approximately S$5 billion.

CSR, Events & Sponsorships

OCBC Cycle 2020 has been cancelled due to the Covid-19 outbreak and replaced by a virtual ride event in November

OCBC Cycle 2020 has been cancelled due to the Covid-19 outbreak and replaced by a virtual ride event in November

Consumer Banking

OCBC Bank is first in Singapore to enable use of SingPass to access digital banking services

OCBC Bank customers can login using their SingPass via the SingPass Mobile app to access digital banking services

Consumer Banking

OCBC launches Singapore's first SORA-based home loan

Interest rate is based on past 90-day simple average of the Singapore Overnight Rate Average (SORA)

Consumer Banking

OCBC Bank launches Singapore's first SORA-based home loan

OCBC Bank launches Singapore's first SORA-based home loan

Appointments

OCBC Bank Appoints New Head of Global Treasury

Industry veteran Kenneth Lai will take over from Mr Lam Kun Kin, who is retiring after more than three decades in the finance industry

Business Banking, Sustainability

Keppel Infrastructure Trust and Keppel Energy secure Singapore's first sustainability-linked loan in the energy sector from DBS Bank and OCBC Bank

S$700 million sustainability-linked loan is one of the largest in Singapore to date

FinTech & Innovation

OCBC Bank launches healthcare app with partners to provide access to the largest panel of telehealth doctors

As Singapore enters a safe re-opening phase, HealthPass by OCBC ups the ante in providing telehealth services through the largest panel of over 100 general practitioners and specialists at flat consultation fees to help stem the spread of COVID-19

Business Banking, Sustainability

OCBC Bank sets new sustainable finance target of S$25 billion by 2025

Massive fiscal stimulus to rebuild post COVID-19 offers green opportunities

Business Banking, Sustainability

Soilbuild REIT secures maiden green loan

The green loan was obtained from OCBC Bank and RHB Bank Berhad.

Consumer Banking

OCBC Bank to reopen all branches over next two weeks as Singapore enters Phase Two of 'Safe Reopening'

OCBC Bank to reopen all branches over next two weeks as Singapore enters Phase Two of 'Safe Reopening'

Business Banking

OCBC Bank partners CapitaLand on Singapore's first SORA-based loan

The S$150 million three-year corporate loan from OCBC Bank to CapitaLand is a milestone in the industry's transition roadmap towards adopting Singapore Overnight Rate Average (SORA) as the new interest rate benchmark for the Singapore Dollar cash and derivatives markets.

Human Resource

OCBC Group to Hire Over 3,000 to Support The Job Creation Drive in Singapore

About 2,100 people to be hired for full-time roles across the Group, with more than 500 traineeship positions under the SGUnited Traineeships programme

Consumer Banking

OCBC Bank to reopen three branches and one OCBC Premier Banking Centre today in Phase One of 'Safe Re-opening'

The branches are in Bukit Batok and at Sun Plaza and White Sands; the dedicated OCBC Premier Banking Centre is at Parkway Parade

Business Banking, Sustainability

Link REIT secures HK$1 billion sustainability-linked loan from OCBC Bank

This is Link REIT's first sustainability-linked loan transaction in Hong Kong dollar

Consumer Banking

Launched during circuit breaker, OCBC Bank's virtual wealth advisory service saw a 45% jump in sales

What was previously seen as impossible before the Covid-19 outbreak became the norm when the end-to-end wealth advisory, which includes the Financial Needs Analysis process, went online

CSR, Events & Sponsorships

#OCBCCares Environment Fund 2020 finances development of dehydrated cleaning products to mitigate increase in plastic waste, as coronavirus outbreak spurs growing demand for cleaning products

The Fund will stop calling for applications from this year. OCBC Bank will explore other strategic ways of deploying funding to mitigate climate change issues

Consumer Banking

OCBC Bank surveys 1,000 Singaporeans to assess financial impact of COVID-19 on Singaporeans

The OCBC Financial Impact Survey for COVID-19 points out gaps in financial planning and knowledge during a crisis

Business Banking, Sustainability

Manulife US REIT secures US$100 million maiden green loan from OCBC Bank

OCBC Bank acted as the sole lender and green loan advisor for this transaction

Business Banking, Sustainability

GuocoLand secures S$730 million green loan for the development of new residential cum commercial development at Tan Quee Lan Street - the largest green loan of its kind to date

OCBC Bank acted as the Sole Green Financing Advisor for this transaction.

Insights

Will Covid-19 spark another trade war?

Trump threatens to impose tariffs on China as punishment for its role in virus' spread

Consumer Banking

OCBC Bank places all individual secured and unsecured loans under its Singapore Covid-19 relief programme with S$4 billion approved to date

OCBC Bank places all individual secured and unsecured loans under its Singapore Covid-19 relief programme with S$4 billion approved to date

CSR, Events & Sponsorships

OCBC Bank and staff donate additional S$1,225,000 to provide targeted support to 1,000 needy Singaporean families and 55,800 migrant workers

This fourth tranche of support will supplement government payouts to help needy families tide over till end of 2020; and augment existing support for migrant workers under isolation

Insights

Emerge financially stronger from the Covid-19 crisis

As we hunker down for a tough ride this period, now is as good a time as any to take stock of how we can emerge stronger from this whole situation.

Business Banking

OCBC Bank expects to disburse s$1 billion in government-assisted loans to small businesses by 30 June 2020

Fully utilising the MAS low-cost SGD Facility, this loan amount will exceed that of what OCBC Bank had lent to small businesses during the 2008-9 Global Financial Crisis

Corporate News

OCBC Securities to temporarily close Investors Hub

OCBC Securities will close its Investors Hub at OCBC Centre South from 20 April to 4 May 2020, in support of the stricter social distancing measures implemented to encourage more people to stay home and in order to contain the spread of COVID-19.

Consumer Banking

OCBC Bank is first to enable peer-to-peer transfers on Google Pay™ in Singapore, which becomes the third country to offer this aside from the United States and India

OCBC Bank customers can pay directly from their bank accounts to anyone registered to PayNow with the Google Pay app

Insights

Is the stock market rally for real?

The Covid-19 crisis will go down in history as one of the most severe and unpredictable events in modern times.

Consumer Banking

OCBC Bank to temporarily close 22 branches from 9 April 2020 to 4 May 2020

All ATMs and digital banking solutions are available as normal and there will be ample cash in ATMs and branches that are open

Insights

Why fiscal support could be the silver lining in a time of turmoil

Market volatility has given rise to recession fears over the past few weeks in light of a rapidly changing COVID-19 pandemic situation. A lack of earnings clarity has created added uncertainty to Asian markets, but Ms Carmen Lee, Head of OCBC Investment Research, sees a silver lining in fiscal policy and stimulus from key countries in the second quarter of 2020.

Consumer Banking

OCBC Bank is first in Southeast Asia to enable instant encashment of cash cheques at ATMs

OCBC Bank's digital push at branches, now enhanced by next-generation ATMs, enables customers to perform close to 80 per cent of all frequently performed transactions without having to queue for a teller

Business Banking, Sustainability

Mapletree Investments secures EUR 200 million sustainability-linked loan from OCBC Bank

This is one of the largest sustainability-linked loans for a real estate developer and is also Mapletree Investments' inaugural sustainability-linked loan.

Insights

Turmoil in Perspective

Much has been written in the past week about the COVID-19 virus, but I wanted to take a step back from the recent market turmoil to provide a bit of perspective on the current market sell-down.

Consumer Banking

OCBC Bank enables instant car loan approvals

Thanks to a digital process incorporating MyInfo and digital KYC, customers can now apply and get approval for car loans in under 60 seconds without any sharing of personal information with a third party

Business Banking

OCBC Bank is first to leverage Singapore Customs' electronic Banker's Guarantee programme

The electronic Banker's Guarantee was issued by OCBC Bank on behalf of vCargo Cloud, a leading Infocomm Technology solution and service provider.

Corporate News

OCBC Group Full Year 2019 Net Profit Rose 8% to a Record S$4.87 billion

Fourth quarter net profit rose 34% from a year ago and up 6% from the previous quarter. Proposed final dividend increased to 28 cents per share; 2019 full year dividend at 53 cents, 23% higher year-on-year.

Insights

What investors should be looking at amid the coronavirus outbreak

The coronavirus has affected key Asian equity indices and added pressure on the tourism, hospitality and retail sectors. The situation is still evolving but Ms Carmen Lee, Head of OCBC Investment Research, explains its impact for the first half of 2020.

CSR, Events & Sponsorships

7,000 OCBC Bank employees send food favourites, including bird's nest supplements, bubble tea, and energy bars - as well as appreciation cards - to staff of Tan Tock Seng hospital

20,000 bottles of bird's nest, 14,000 cups of bubble tea, more than 45,000 packets of drinks and snacks and 7,000 cards will be delivered over the next two weeks, to offer respite from the stressful work

Corporate News

OCBC Bank introduces COVID-19 targeted support measures to all affected customers

Corporate and retail customers across its core markets in the region will be offered tailored measures to tide over this difficult period.

Insights

Why gold is an increasingly important investment asset

During times of volatility, gold is an important investment asset in your portfolio to hedge against market uncertainties. OCBC Bank Economist Howie Lee explains what drive the price of gold up or down and shares his view on how gold prices are likely to pan out in 2020.

CSR, Events & Sponsorships

OCBC Bank donates RMB 1 million (S$200,000) to support communities in China affected by the novel coronavirus (nCoV) outbreak

OCBC Bank is supporting the Singapore Government’s initiative to offer aid to communities in China that are affected by the nCoV outbreak.

CSR, Events & Sponsorships

OCBC bank supports Singapore's first community shop that provides food that low-income households truly need

Besides contribution of $300,000 to Food from the Heart; staff volunteers will help man the shop and offer data analytics expertise to understand consumption habits of 5,000 eligible households, to facilitate replenishment of high-demand and healthier food types

Business Banking, Sustainability

OCBC Bank Partners Shwe Taung Group on Myanmar's first green loan

The US$44 million green loan will be used by Shwe Taung Group's subsidiary City Square Commercial Company Limited for the financing of Junction City Shopping Centre, an integrated retail and commercial development in Yangon's downtown.

Business Banking, Sustainability

ComfortDelGro becomes first land transport company to adopt green loans with an A$25 million facility from OCBC Bank

Proceeds from the loan, which has been structured in accordance with the Green Loan Principles issued in 2018 by the Loan Market Association and Asia Pacific Loan Market Association, will be used to finance 50 hybrid buses.

Appointments

OCBC Bank appoints top female banker to lead newly formed Global Wholesale Banking Division

Both Ms Helen Wong and current Chief Operating Officer, Mr Ching Wei Hong, will be appointed Deputy Presidents

CSR, Events & Sponsorships

OCBC Cycle 2020 launches new competitive cycling category - the OCBC Cycle Speedway Women's Championship

OCBC Cycle 2020 launches new competitive cycling category - the OCBC Cycle Speedway Women's Championship

Appointments

OCBC Bank Appoints Two New Management Committee Members

New head of consumer banking in Singapore and new CEO for the China business joins the 24-member committee

Business Banking, Sustainability

OCBC Bank tops 2019 sustainable finance league tables

OCBC Bank ranked first in Bloomberg's league table for green loans and renewable energy loans, and Debtwire's league table for green loans and sustainability-linked loans.

Business Banking, Sustainability

Hoi Hup Realty secures first green loan in Southeast Asia's hospitality sector

OCBC Bank is Green Loan Advisor for the loan which is used to part finance the acquisition of luxury hotel Andaz Singapore. It is also the first green loan for Hoi Hup Realty.

FinTech & Innovation

OCBC Bank partners with Google to enable enhanced digital payments leveraging PayNow in Singapore

OCBC Bank customers in Singapore will be the first to be able to download and use Google Pay to make peer-to-peer transactions in January 2020

Corporate News

OCBC Group Reported Third Quarter 2019 Net Profit of S$1.17 billion

OCBC Group Reported Third Quarter 2019 Net Profit of S$1.17 billion

Business Banking

OCBC Bank enables start-ups to open a bank account immediately after incorporation

This is made possible by an API between the bank and global information services provider Experian.

Consumer Banking

OCBC Bank named World's Best Consumer Bank by Global Finance

OCBC Bank also won the 'Best Bank in Asia-Pacific' earlier this year

Consumer Banking

Singtel's VIA Alliance welcomes OCBC Pay Anyone

Singtel will expand its VIA mobile payment alliance to include OCBC Bank, the first Singapore bank to join the alliance and the second regionally, after Thailand's KASIKORNBANK.

Insights

The impact of cheap credit on the global economy

We may stave off this recession, but can we escape the next? Howie Lee, Economist at OCBC Bank, shares his views on how a prolonged low-interest rate environment potentially raises medium-term risks and what companies can do to create long term sustainable growth for themselves.

Insights

Tat Hong's Towering Ambitions

Tat Hong is a homegrown company that has contributed in a big way to the building of Singapore’s distinctive landscape. But its journey hasn't been limited to Singapore - its journey has extended overseas as well.

Insights

Taking to the high seas

Taking to the high seas

CSR, Events & Sponsorships

OCBC Bank and staff contribute S$1 million to kickstart the OCBC-NTUC First Campus Bridging Programme, which will help to make pre-school education free for children from low-income families

Supporting Singapore's national agenda to make pre-school education more accessible, the five-year programme will fund an average of two years of childcare fees for all eligible new enrolments at My First Skool and offer financial literacy workshops for these families

Consumer Banking

In a first for Singapore, the OCBC Banking Assistant enables customers to use their voice to perform banking transactions and access services

Leveraging artificial intelligence and through digital 'conversations' on the OCBC Mobile Banking app, customers can pay bills, check account transactions and track expenses, thanks to natural language processing and machine learning

Insights

Championing a global education movement

David Chiem, the founder of MindChamps, talks about how his vision to create the number 1 global brand in early childhood education is now taking shape.

Insights

Going beyond sharp suits

Benjamin Barker founder and CEO Nelson Yap continues to transform the home-grown menswear label into a global lifestyle brand by harnessing technology and embracing novel franchising models.

Insights

Charting growth through choppy waters

Being nimble and having a strong team at its helm has helped Transworld Group Singapore weather turbulent times and achieve success.

Consumer Banking

OCBC Bank targets annual card billings of s$1 billion in three years with a travel credit card featuring a flexible reward programme

OCBC Bank has launched the new OCBC 90°N Mastercard Credit Card for the Singapore market, which is projected to achieve S$1 billion in annual card billings within three years

Corporate News

OCBC Group Half Year 2019 Net Profit Rose 6% Year-on-Year to a Record S$2.45 billion

Second quarter profit from banking operations up 7% from a year ago to a new high

Consumer Banking

OCBC Bank is first in Singapore to enable cash withdrawals at ATMs using QR codes

OCBC Bank customers no longer need an ATM card and PIN to withdraw cash from 655 OCBC ATMs in Singapore - they can simply scan a QR code on the OCBC Pay Anyone app

CSR, Events & Sponsorships

NParks partners OCBC Bank to Create First-of-its-Kind High-Tech Arboretum in Southeast Asia

OCBC Bank's contribution of S$4 million also includes the transformation of Singapore's first black and white bungalow into a knowledge centre for conservation

Corporate News

OCBC Bank launches Singapore's first Financial Wellness Index

Comprehensive survey of 2,000 working adults assesses how well people in Singapore fare across 10 pillars of financial wellness

Human Resource

OCBC Bank co-designs Data Certification Pathway to grow pool of data scientists and data analysts in Singapore

All 12 data modules will be available to all Singaporeans on the MySkillsFuture portal by the fourth quarter of the year

Business Banking

OCBC Bank partners republic polytechnic on first PayNow initiative for an education institution

Republic Polytechnic students can now pay their school fees with PayNow, making it the first educational institution to leverage this funds transfer service.

CSR, Events & Sponsorships

OCBC Cycle 2019 is first recipient of new Eco Event certification after its waste reduction efforts pass strict tests

Supporting Singapore’s drive to waste less, OCBC Bank put its signature OCBC Cycle 2019 event through a rigorous green audit process – and has become the first event here to earn the Singapore Environment Council’s Eco Event certification.

FinTech & Innovation

OCBC Bank launches postgraduate scholarship to deepen Artificial Intelligence talent pool

This is the first such scholarship offered by a bank in Asia or any Singapore company

Consumer Banking

OCBC Bank enables instant approval and use of key consumer banking products

With the help of MyInfo and digital KYC, customers can now apply for - and then instantly make use of - credit cards, debit cards, personal loans, bank accounts and lines of credit via digital channels, including at branches and at roadshows

CSR, Events & Sponsorships

OCBC Cycle 2019 offers 6,800 participants a chance to bond with friends and family at annual cycling fiesta

SINGAPORE, 12 May 2019 - Nearly 6,800 cyclists were out in full force at Nicoll Highway this morning for the 2019 OCBC Cycle's The Straits Times Ride and The Sportive Ride.

CSR, Events & Sponsorships

Nail-biting finish sees the Philippines emerge winners from largest-ever field at OCBC Cycle Speedway Southeast Asia Championship

SINGAPORE, 11 May 2019 - The cycling team from the Philippines rode a near-perfect race as they beat the strongest field to date at the 2019 OCBC Cycle Speedway Southeast Asia (SEA) Championship on Saturday morning.

Corporate News

OCBC Group Reported First Quarter 2019 Net Profit of S$1.23 billion

Earnings rose by 11% year-on-year and 33% quarter-on-quarter

Insights

Singapore property and REITs in 2019

Property and real estate investment trusts, or REITs, are among the most popular investment asset classes in the market. Andy Wong, Senior Investment Analyst at OCBC Investment Research, shares his insights on how the two sectors will fare this year.

Consumer Banking

Millennials in Singapore eschew power and fame for self-fulfillment and caring for the community: FRANK by OCBC survey

Inaugural annual survey aims to track the psychographic data of Singaporeans aged 16 to 29 years old

Corporate News

OCBC Bank leads industry in setting up of board committee on ethics and conduct

The Ethics and Conduct Board Committee is the first such committee set up by a Singapore bank to build a strong, ethical culture, setting the tone from the top.

Private Banking

Bank of Singapore continues to build Greater China bench strength with its latest appointment

Mr Richard Hu brings more than 20 years of banking experience in the region to his role as a Market Head at Bank of Singapore.

Corporate News

OCBC Group Full Year 2018 Net Profit Grew 11% to a Record S$4.49 billion

OCBC Group Full Year 2018 Net Profit Grew 11% to a Record S$4.49 billion

Consumer Banking

OCBC Bank rolls out digital 'soft' tokens to replace all hardware tokens for customers

OCBC Bank has rolled out a digital security token - OCBC OneToken - on the OCBC Mobile Banking app for secure and convenient digital banking, replacing all hardware security tokens for customers.

Business Banking

OCBC Bank launches new business to give a boost to serial entrepreneurs

The launch follows a successful 12-month pilot which saw over S$100 million in new business loans to fund serial entrepreneurs and their businesses.

Insights

The Singapore bond market in 2019

The Singapore corporate bond market ended 2018 on a dour note, with negative sentiment leading to volatility, falling bond prices in the secondary market and a decline in issuance volumes. Nevertheless, OCBC Credit Research analyst Andrew Wong believes there are still more opportunities than pitfalls and shares his thoughts on how bond investors can generate favourable returns despite the uncertainty hovering over the market in 2019.

Insights

Investment themes to watch in 2019

Despite the sharp correction in global stock markets towards the end of 2018, OCBC Investment Research analysts believe that compelling investment themes continue to lie in plain sight. They share their views on ideas ranging from Singapore hospitality plays to the China property sector.

Insights

The global economy in 2019

The global economy in 2019

Insights

The Singapore stock market in 2019

See-sawing stock markets have left investors feeling queasy as they head into 2019. Carmen Lee, Head of OCBC Investment Research, shares her views on how the Singapore market will fare in the year ahead, as well as a recommended strategy for investors to build a portfolio that can withstand market volatility.

Business Banking

OCBC Bank launches first-of-its-kind digital business dashboard for SME customers as spending on apps almost doubles to $9 million

Saving SMEs time, the one-stop dashboard gives a holistic view of an SME's business, transforming data from some of the most popular digital apps like Facebook, PayPal, Mailchimp, Shopify and Quickbooks into actionable insights displayed via widgets.

CSR, Events & Sponsorships

OCBC Cycle rolls out 11th edition with return of the OCBC Cycle Speedway Corporate Championship

Reigning champion, Myanmar, to return with other Southeast Asian teams to compete in the Speedway SEA Championship.

Business Banking

OCBC Bank is the first bank in Singapore to roll out digital account opening service for MNCs

This initiative enables the account opening process to be simpler and more convenient for MNCs and other large corporates.

Consumer Banking

OCBC Bank is first in Singapore to institute an annual review process for financial life goals

The review addresses a long-standing gap in financial planning today that results in many consumers not being able to reach their long-term financial goals because of missed opportunities

Corporate News

OCBC Bank collaborates in a first-of-its-kind venture with leading chinese corporations Xiaomi and Hanhua

The MOU allows all three partners to tap on each other's expertise and resources to promote an integrated financial services model in China

Corporate News

OCBC Group Reported 12% Year-on-Year Increase in Third Quarter 2018 Net Profit to a Record S$1.25 billion

OCBC Group Reported 12% Year-on-Year Increase in Third Quarter 2018 Net Profit to a Record S$1.25 billion

Corporate News

OCBC launches brand promise to be Simply Spot On for customers

OCBC launches brand promise to be Simply Spot On for customers

Business Banking

OCBC Bank leverages MyInfo to extend digital account opening services to SMEs

In June 2018, the bank became the first Singapore bank to use MyInfo to enable digital instant account opening when it was launched for the OCBC 360 Account.

CSR, Events & Sponsorships

Environmental enthusiasts with viable green initiatives can once more apply for the #OCBCCARES Fund for the Environment

Following successful implementation of six projects totalling S$87,000 in 2017, the Fund aims to attract more applications that tackle a greater diversity of green issues in 2018.

FinTech & Innovation

OCBC Bank brings audit to the digital age by harnessing Artificial Intelligence

OCBC Bank brings audit to the digital age by harnessing Artificial Intelligence

Business Banking

OCBC Bank partners ASME to accelerate SMEs' digital adoption with the launch of SMECEN, an integrated suite of accounting, human resource and compliance solutions

OCBC Bank partners ASME to accelerate SMEs' digital adoption with the launch of SMECEN, an integrated suite of accounting, human resource and compliance solutions

FinTech & Innovation

OCBC Bank is first bank in Southeast Asia to launch robo-investment service

OCBC RoboInvest - an automated, algorithm-based digital investment service - rolls out to young and tech-savvy retail investors following a successful pilot run last year

Business Banking

2 in 3 SMEs say that they will go cashless by 2023

The adoption of PayNow by businesses is integral to this e-payments push and strong registration rates have already been recorded.

Corporate News

OCBC Group second quarter 2018 net profit up 16% year-on-year to a record S$1.21 billion

Half year net profit grew 22% to a new high of S$2.32 billion

CSR, Events & Sponsorships

OCBC Bank introduces first holistic, private sector-initiated programme to tackle dementia among vulnerable seniors

Combining a fun exercise regime and a compelling incentive system, the OCBC Glowing Years Programme succeeds in motivating seniors to improve their motor and cognitive skills, to reduce dementia risk

Consumer Banking

OCBC Bank raises the bar for retail banking wealth advisors with first-of-its-kind certification programme using private banking standards

The OCBC-WMI Wealth Advisory Programme is the most comprehensive and structured wealth management programme by a consumer bank in Singapore that equips wealth advisors with private banking competencies

Business Banking

OCBC Bank and CPF Board's PayNow collaboration off to a strong start

Since its launch in March 2018, the first government-to-consumer use of PayNow, enabled by OCBC Bank, has seen close to 4,000 withdrawals by CPF members aged 55 and above.

Appointments

OCBC Bank strengthens management team with new appointment

OCBC Bank strengthens management team with new appointment

Consumer Banking

OCBC Bank to reduce teller jobs by half within two years with strong digital push at branches

Bank tellers will be converted to digital ambassadors and service executives or take on other advisory roles as a result of OCBC-designed ATMs and digital kiosks being installed at 35 OCBC Bank branches by 2020

Consumer Banking

OCBC Bank make first e-commerce foray with online platform for mums

Focusing on the end-to-end needs of mums-to-be and young mums, mumstruly.com already offers over 600 listings of goods and services, with more to come

Business Banking, Sustainability

OCBC Bank partners Wilmar on largest sustainability-linked bilateral loan by a Singapore bank

The US$200 million facility pegs interest rates to sustainability KPIs, giving a fillip to Singapore's responsible and sustainable finance movement.

Consumer Banking

OCBC Bank and StarHub deepen 'We Economy' strategic partnership and announce Singapore's first multi-industry coalition loyalty programme

OCBC Bank and StarHub are jointly developing Singapore's first loyalty alliance

FinTech & Innovation

OCBC Bank is first Singapore bank to let you immediately open and use a new bank account digitally

Singaporeans and PRs can now open a new OCBC 360 Account instantly, without having to visit a branch, by leveraging national data repository MyInfo and OCBC Bank's real-time digital know-your-customer process (e-KYC)

Consumer Banking

OCBC Bank launches financial advisory and lifestyle programme to address the less discussed 'retirement risk zone' for seniors

Most often overlooked by financial institutions, the retirement risk zone is the most critical period leading into and after retirement

Human Resource

OCBC Bank launches the largest workforce digital transformation programme for 29,000 employees

The $20 million three-year programme, the OCBC Future Smart Programme, adopts a structured approach with 4 qualification levels and a 7-pillar curriculum.

Corporate News

OCBC Group first quarter 2018 net profit up 29% to S$1.11 billion

Return on equity higher at 11.8% compared to 9.6% a year ago

CSR, Events & Sponsorships

Partnership with bicycle-sharing firm Mobike encouraged one in five of the 6,500 participants to cycle rent-free at OCBC Cycle 2018

The Singapore Civil Defence Force stormed to victory at the inaugural OCBC Cycle Corporate Chase

CSR, Events & Sponsorships

Unheralded Myanmar shocks the competition at the 2018 OCBC Cycle Speedway Southeast Asia Championship

Local cycling powerhouse Specialized Roval Mavericks retakes OCBC Cycle Speedway Club Championship crown

CSR, Events & Sponsorships

2017 Southeast Asia (SEA) Games gold medalist Calvin Sim, and bronze medalist Mohamed Elyas, join Team Singapore in battle for this year's OCBC Cycle Speedway Southeast Asia Championship crown

Eight Southeast Asian teams to battle it out at 2018 OCBC Cycle Speedway SEA Championship; two new clubs on board for OCBC Cycle Speedway Club Championship

Appointments

OCBC Bank announces appointment of new OCBC Securities Managing Director

Mr Dennis Hong succeeds Mr Raymond Chee at the bank's brokerage subsidiary

FinTech & Innovation

OCBC Bank is first in Singapore to roll out AI-powered voice banking services in collaboration with Google

Just say, "Ok Google, talk to OCBC", to access OCBC Bank's services through the Google Assistant via Google Home devices or on smartphones

Consumer Banking

OCBC Bank is first in Singapore to enable instant digital card issuance and provisioning on Apple Pay via OCBC Mobile Banking app

Corporate News

OCBC Bank deepens alliance with Bank of Shanghai to capture rising Belt and Road opportunities

FinTech & Innovation

OCBC Bank's Purpose-built Regional Data Centre is the First by a Singapore Bank

S$240-million state-of-the-art facility boasts top security, high resiliency and energy efficiency to meet OCBC Group's business needs for the next 30 years

FinTech & Innovation

OCBC Bank is the first bank in Singapore to launch its own artificial intelligence unit

With an initial investment of $10M over three years, OCBC Bank adopts an 'AI-first' strategy in developing digital capabilities

Appointments

Bank of Singapore appoints veteran banker as Hong Kong branch Chief Executive

Private Banking

Bank of Singapore hires veteran banker to drive European strategic growth

CSR, Events & Sponsorships

Tackling Singapore's Solid Waste Problem is Key Concern Among Applicants of the #OCBCCares Fund of the Environment

OCBC Bank will provide full funding for six ground-up proposals costing $87,000, addressing environmental sustainability issues that can deliver meaningful and long-term benefits for Singapore

Consumer Banking

OCBC Bank is First in Singapore to Launch Voice-Powered Conversational Banking

OCBC Bank's retail customers can now ask Siri to check their bank balances, credit card overview and make e-payments

Corporate News

OCBC Group Full Year 2017 Net Profit Rose 19% to S$4.15 Billion

OCBC Group Full Year 2017 Net Profit Rose 19% to S$4.15 Billion

CSR, Events & Sponsorships

OCBC Cycle 2018 Partners Mobike to Offer 2,000 Rental-Free Bikes for Participants

This year's event promises greater fun riding on 23km and 42km of closed roads in Singapore, with a new corporate competitive category, bigger discounts and more benefits with new partnerships

Business Banking

OCBC Bank Increases Support for Small and Emerging Businesses with New Loan Scheme

Revolving short term loan closes the gap in cash flow financing with a flexible repayment and re-drawing structure

Consumer Banking

OCBC Bank Launches One-Stop Advisory Service for Property Purchase

The OCBC OneAdvisor Home service brings together all the information and advice a home buyer needs under one roof

CSR, Events & Sponsorships

More than 6,500 Participants Rode in Singapore's Largest Cycling Event

More than 6,500 Participants Rode in Singapore's Largest Cycling Event

CSR, Events & Sponsorships

Underdogs Win the Day at the OCBC Cycle Speedway Championships 2017

Underdogs Win the Day at the OCBC Cycle Speedway Championships 2017

CSR, Events & Sponsorships

Cycling Powerhouse & 2017 SEA Games Silver Medalist Thailand, & New-Comers Laos, Debut at the OCBC Cycle Speedway SEA Championship 2017

Eight teams from Southeast Asia will battle it out while 15 local clubs - the highest showing of clubs since the inaugural race - will vie for top honors at the OCBC Cycle Speedway Championships

FinTech & Innovation

OCBC Bank is the First in Singapore to Distribute Health Insurance via Mobile and Internet Banking

Eligible customers can now buy Early Cancer Care via OCBC Bank's mobile and Internet banking platforms in a few clicks, without the need to fill in any physical forms

FinTech & Innovation

OCBC Bank is the First Singapore Bank to Tap Artificial Intelligence and Machine Learning to Combat Financial Crime

The use of these technologies will significantly increase the bank's operational efficiency and accuracy in the detection of suspicious transactions

Consumer Banking

OCBC Bank is first to launch face ID facial recognition for customers to access consumer and business banking apps

Launched with the Apple iPhone X, OCBC OneLook is the first service in Singapore to use Face ID facial recognition technology to enable payments or the viewing of bank account, credit card and investment information

Corporate News

OCBC Bank Tells the 85-Year Story of its People and Ethos with the Launch of "Wind behind the Sails"

The book regales readers with never-been-told stories of OCBC Bank's experiences, giving insights into not just the bank's triumphs but also its setbacks, missteps and the lessons it learnt

Corporate News

OCBC Group Reported Third Quarter 2017 Net Profit of S$1.06 billion

OCBC Group Reported Third Quarter 2017 Net Profit of S$1.06 billion

Corporate News

OCBC Bank and Starhub Spearhead Building of Singapore-Centric 'We Economy'

OCBC Bank and Starhub Spearhead Building of Singapore-Centric 'We Economy'

Business Banking

OCBC Bank Leads the Charge in Asia in Using Voice Recognition Technology for Business Banking Mobile Solutions

OCBC Bank Leads the Charge in Asia in Using Voice Recognition Technology for Business Banking Mobile Solutions

FinTech & Innovation

OCBC Bank, HSBC and MUFG, together with the Infocomm Media Development Authority, complete proof-of-concept on ASEAN's first industry Know Your Customer blockchain

If adopted, the Know Your Customer (KYC) blockchain can improve the experience of on-boarding customers and reduce inefficiencies and costs associated with KYC and compliance

Wealth Management

OCBC Bank is First Bank in Singapore to Launch Transactional API for Giro Set-Up

By November 2017, OCBC customers will be the first in Singapore to benefit from the instant set-up of GIRO facility for income tax and property tax via IRAS' myTax Portal

Consumer Banking

OCBC Bank Launches Mobile Keyboard to Enable Cashless Payments Directly from any Mobile App

The 'OCBC Keyboard' allows customers to make e-payments to any bank account in Singapore without exiting their current mobile app

Corporate News

OCBC Bank and Bank of Ningbo Deepen Partnership with a 10-Year Strategic Cooperation Agreement

Under the agreement, both banks will leverage mutual strengths, networks and platforms to grow their businesses and serve customers in the Greater Bay Area and Southeast Asia

Consumer Banking

OCBC Bank's Mighty Savers Programme Turns 10 with Financial Literacy Tour for 3,000 Children from 27 Pre-Schools

OCBC Bank's Mighty Savers Programme Turns 10 with Financial Literacy Tour for 3,000 Children from 27 Pre-Schools

Corporate News

OCBC Group Reported Second Quarter 2017 Net Profit of S$1.08 Billion

OCBC Group Reported Second Quarter 2017 Net Profit of S$1.08 Billion

FinTech & Innovation

OCBC Bank Pilots Artificial Intelligence Solutions with Two Fintechs to Fight Money Laundering

Anti-money laundering transaction monitoring tools being explored could increase analysts' productivity by 100 per cent

Consumer Banking

OCBC Bank Makes PayNow Even More Seamless by Enabling Account-to-Account QR Code Funds Transfers

OCBC Pay Anyone App enables customers to send and ask for money using QR codes, so parties do not even need to share mobile or NRIC numbers

CSR, Events & Sponsorships

OCBC Bank Launches First Private Sector-Led Fund for Environmental Conservation Projects

The #OCBCCares Fund for the Environment will fully fund ground-up projects that deliver meaningful and long-term benefits for society

CSR, Events & Sponsorships

OCBC Cycle 2017 Introduces First-of-its-kind Corporate Race Category for Companies to Compete in the National Stadium

Cyclists can also look forward to the introduction of the Loyal Cyclist Discount on registration fees to reward past participants, themes to spice up the community rides and a uniquely-designed collectible medal

CSR, Events & Sponsorships

OCBC Bank Partners NParks to Lead First-of-Its-Kind Habitat Enhancement Programme for Coney Island Park

Collectively, OCBC Bank management and staff are the single largest donor to commit funding of S$250,000 and volunteer efforts to enhance habitat at Coney Island Park by planting over 50 species of native coastal plants, including rare and endangered plants

Human Resource

OCBC Bank Introduces First Artificial Intelligence-Powered HR Mobile App

Employees in Singapore to benefit from comprehensive HR mobile app with a first-of-its kind system-integrated chatbot that instantly delivers answers customised according to employees' profiles

FinTech & Innovation

OCBC Bank Launches Cashless QR Code Payments with its First Standalone Mobile Payments App

The popular OCBC Pay Anyone e-payment services - which includes a new QR code cashless payment service - are consolidated into a standalone mobile app for our customers' convenience

Wealth Management

OCBC Bank Expands Wealth Management Franchise with the Launch of Onshore Private Banking in Indonesia

OCBC NISP Private Banking sets out to capture the wealth management needs of 48,000 high net worth individuals with total wealth of US$161 billion

Private Banking

OCBC Bank to Acquire National Australia Bank's Private Wealth Business in Singapore and Hong Kong

The business provides an immediate boost to OCBC Bank's mortgage and deposit books across both its core markets and broadens its customer base

Corporate News

OCBC Group First Quarter 2017 Net Profit of S$973 Million

First quarter earnings climbed 14% year-on-year and 23% from the previous quarter

Human Resource

OCBC Bank Launches Banking Internship Programme That Goes Beyond Banking to Nurture Future Entrepreneurs

OCBC FRANKpreneurship helps students develop an enterprising mindset and equips them with the skills to be successful entrepreneurs, while immersing them in a banking environment

Corporate News

OCBC Bank Signs Partnership Agreements with Bank of Shanghai and SIIC Trade Group

The alliances build on OCBC's ongoing efforts to capture the opportunities arising from the increasing connectivity between China and Southeast Asia

Consumer Banking

OCBC Bank and UOB Customers Now Enjoy Unlimited Fee-Free Cash Withdrawals on Both Banks' Shared ATM Network

FinTech & Innovation

OCBC Bank Launches First Artificial Intelligence-Powered Home & Renovation Loan Specialist

Without redirecting consumers, the chatbot - equipped with a TDSR calculator - can accurately answer commonly-asked questions regarding home loans or other general queries about home and renovation loans

FinTech & Innovation

OCBC Bank is the First Bank in Southeast Asia to Pilot Robo-Advisory Service

CSR, Events & Sponsorships

OCBC Expands CSR Programme with S$600,000 in Annual Funding and a New Name

#OCBCCares widens corporate social responsibility focus beyond vulnerable children and education to include the elderly, special needs persons and environmental sustainability; over 3,000 people and 2,500 families to be helped in the first year

Private Banking

Banks of Singapore's Branch in Dubai International Financial Centre Officially Opened

Opening of the branch in Dubai International Financial Centre deepens Bank of Singapore's presence in the Middle East

Corporate News

OCBC Group Full Year 2016 Net Profit at S$3.47 Billion

Full Year earnings declined 11% mainly from increased allowances and lower contributions from insurance

Corporate News

OCBC Bank Closes Largest M&A Deal Advised by an Asian Bank Over the Past Year in Indonesia

OCBC Sekuritas, OCBC Bank's Indonesian subsidiary, was exclusive financial adviser for the sale of a stake in Indonesia's longest toll road for over S$270 million

Private Banking

Bank of Singapore to Enable Its Clients to Book Their Assets in Switzerland with Vontobel

Agreement allows Bank of Singapore clients to place their assets in Vontobel's booking centre in Zurich and have access to the Swiss wealth manager's extensive range of European financial products and services.

Corporate News

OCBC Bank's Chongqing Business Boosted by Chongqing Connectivity Initiative

Loans growth at Chongqing branch tripled year-on-year in November 2016 as a result of increased business activity