Sustainability

OCBC Securities and Lion Global Investors list Singapore's first low-carbon ETF

The Lion-OCBC Securities Singapore Low Carbon ETF offers investors the opportunity to do good for the environment and their investment portfolios

FinTech & Innovation, Human Resource

OCBC Group to hire 1,500 tech talents over next three years to accelerate digital transformation

The 1,500 people to be hired will fill in-demand tech positions such as application developers, cybersecurity experts, blockchain specialists and data scientists.

CSR, Events & Sponsorships

OCBC Cycle 2022 to welcome up to 2,000 cyclists in person on closed roads

After a two-year hiatus, OCBC Cycle 2022 is back at Singapore Sports Hub for both competitive and non-competitive rides while keeping the virtual component.

Corporate News

OCBC Group Full Year 2021 Net Profit Rose 35% to S$4.86 billion

Proposed final dividend increased to 28 cents per share

Consumer Banking

OCBC Bank rolls out emergency kill switch so customers can freeze all accounts if scammed

Consumer Banking

Statement by OCBC Bank on update of goodwill payouts relating to the SMS phishing scam

Consumer Banking

Media Statement on anti-scam security measures

Consumer Banking

Media Response on full goodwill payout to all victims of SMS phishing scam impersonating OCBC Bank

Corporate News, Consumer Banking

OCBC Bank has been making goodwill payouts to victims of the recent SMS phishing scam since 8 January 2022

Each case has to be reviewed and validated thoroughly

Consumer Banking

OCBC Bank advises public against SMS phishing scams impersonating the bank

OCBC Bank has seen a sharp rise in the number of 'smishing’ (phishing via SMS) scams impersonating the Bank over the past few weeks.

FinTech & Innovation, Human Resource

OCBC Bank and Ngee Ann Polytechnic co-design tech internship to tackle talent shortage in the financial sector

The one-year curated internship represents a new industry-in-curriculum pathway and opens the door for full-time employment with the bank upon graduation.

Business Banking, Sustainability

OCBC Bank closes sustainability-linked cross-currency swap with Cromwell European REIT

The deal marks the first time the Bank has executed a sustainability-linked derivative with a European client and expands its sustainable finance portfolio to the global market.

Sustainability

OCBC Bank adopts Poseidon Principles to accelerate decarbonisation of shipping sector

OCBC Bank has joined leading global banks to become the first in Southeast Asia to adopt the Poseidon Principles, a globally recognised framework that guides how the Bank determines, assesses and manages the climate alignment of its ship finance portfolio to support the shipping industry’s targets of reducing carbon emissions by at least 50% by 2050.

Insights

Reimagining wealth management to thrive in the new normal

Asia’s wealth management landscape is changing dramatically. Shifting customer preferences, new competitive and regulatory trends, innovative digital-led business models are all coming together in a perfect storm, creating a ‘new normal’ for wealth management, and its consumers and advisors.

Consumer Banking, FinTech & Innovation

OCBC Bank enables the instant purchase of gold and silver digitally

Within a week of its launch, OCBC Bank customers bought more than S$1 million worth of precious metals via the OCBC Digital mobile banking app

Consumer Banking, Insights

The Covid-19 pandemic has made many Singaporeans adopt better financial habits

The third OCBC Financial Wellness Index found that digital acceleration from the pandemic saw close to half of Singaporeans across all age groups leveraging financial digital tools for financial planning and investing

Business Banking, Sustainability

OCBC Bank extends green loan to first property development leveraging BCA's new building energy efficiency assessment tool

The green loan was issued to Fairview Development Private Ltd, a unit of leading Singapore-based developer, Tong Eng Group, for its first energy-efficient residential project qualified using the new national assessment tool

CSR, Events & Sponsorships, Sustainability

OCBC to back youth projects supporting Singapore Green Plan

OCBC Bank once again partners Eco Business to advance Singapore’s green interests through its Sustainability Exchange programme

Wealth Management

OCBC Bank’s Hong Kong subsidiary partners China’s Ping An Bank to provide two-way Wealth Management Connect services

The highly-anticipated cross-boundary investment scheme by China is estimated to generate about S$670 million worth of wealth fees a year and is seen as a test-bed for more relaxation to China’s capital controls.

Consumer Banking

OCBC bank launches one-stop travel site and travel credit card as Singapore re-opens tourism

OCBC bank goes beyond banking to set up a one-stop travel site specially dedicated to attractively-priced hotel accommodation as well as booking of flights and car rentals

Sustainability

OCBC Bank, partnering with Eco-Business, launches OCBC Climate Index to measure environmental sustainability awareness and climate action in Singapore

Eco-Business developed the approach and framework for the Index. OCBC Bank developed the research methodology.

Corporate News

OCBC Group First Half 2021 Net Profit rose 86% to S$2.66 billion from S$1.43 billion a year ago

Interim dividend of 25 cents declared

FinTech & Innovation, Business Banking

GuocoLand, OCBC Bank and Doxa to pilot first end-to-end digital procurement and payments workflow solution for built environment ecosystem

Enterprise digital platform streamlines procurement and payments workflow processes by connecting all parties in the real estate value chain.

FinTech & Innovation

OCBC Bank is first to integrate with IRAS’s payment API to enable direct payment of taxes via digital banking

The new feature enables customers to have a seamless review and payment of taxes within a single digital platform

Business Banking

Singapore SME recovery continues in Q2 despite tighter COVID-19 measures: OCBC SME Index

The impact of the Heightened Alert measures in May and June was mitigated as Singapore SMEs were better prepared for the disruptions, having adapted their businesses after the Circuit Breaker last year.

Business Banking, Sustainability

Fortune REIT obtains sustainability-linked loan of HK$1.5 billion from OCBC Bank

OCBC Bank is the sole lender for the transaction.

Wealth Management

Lion Global Investors and OCBC Securities list Singapore's first China focused dividend-pay ETF

The Lion-OCBC Securities China Leaders ETF captures the growth potential of 80 of the largest Stock Connect Chinese companies listed on the Stock Exchanges of Shanghai, Shenzhen and Hong Kong.

Human Resource

OCBC Bank rolls out comprehensive sustainability training as it adds more than 50 new jobs in ESG push

To meet the surge in demand for sustainability-related roles as the Bank accelerates its sustainability drive, all 30,000 employees will have the opportunity to attain at least basic knowledge of sustainability in a structured manner, with those in sustainability-related roles expertly trained.

Business Banking, Sustainability

Joint ventures between Allgreen Properties Ltd and Kerry Properties Ltd secure S$861.75 million green loan from DBS, Maybank and OCBC Bank

The proceeds will be used to finance a mixed-use development project comprising a retail mall and residential development, known as Pasir Ris 8.

Corporate News

OCBC Bank is first bank in Asia to complete transition of its Sterling covered bonds' interest rate benchmark

The move is in line with the cessation of GBP LIBOR by the end of 2021 and the switch to SONIA.

Business Banking, Sustainability

OCBC closes sustainability-linked swap with Far East Hospitality Trust

With the Bank’s aim to grow its sustainable finance portfolio and lead the drive to a more sustainable economy, bringing sustainability into the world of derivatives is the latest way of incentivising businesses to achieve their climate change goals.

Insights

Opportunities favour the brave

Insights

Millennials to drive the ESG investing revolution

Millennials, the largest generation in history, with an estimated population in excess of two billion, are clearly a major force to be reckoned with.

Business Banking

OCBC Bank is first to leverage Visa Commercial Pay Mobile as part of its inaugural virtual purchasing card offering

OCBC Bank ups the ante with its virtual commercial card offering with the integration of the first-of-its kind mobile employee payment solution for corporates.

Business Banking

Green shoots in healthcare and transport lead broad-based recovery for SMEs in 1Q 2021: OCBC SME Index

SME cashflows return to pre-circuit breaker levels though challenges remain in several industries. The OCBC SME Index is the first data-driven SME-focused index in Singapore based on SME transactional data.

Corporate News

OCBC Bank Appoints Ivy Au-Yeung as Chief Executive of OCBC Wing Hang Bank in Hong Kong

Ms Au-Yeung will report to the Group CEO of OCBC Bank, Ms Helen Wong. Mr Na Wu Beng, the current Chief Executive, is retiring on 19 May 2021.

Human Resource, Insights

Banking on a Resilient Workforce

When Covid-19 started to change the world, we were able to implement a quick and smooth transition into the new normal. In his interview for the Human Capital Partnership (HCP) E-Bulletin Cover Story (April to June 2021 edition), Jason Ho, our Head of Group HR shared how OCBC Bank built its workforce into one that is resilient and relevant in a world of fast change and inevitable crises.

Business Banking, Sustainability

Sun Venture obtains £85.5 million green loan financing 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

Sustainability

Food from the Heart and OCBC Bank launch second shop-for-free Community Shop in Boon Lay to offer wider food choices to families in need

- With the additional donation of $200,000 for the shop at Boon Lay, OCBC Bank’s support for the Community Shop programme now stands at $500,000 - Survey conducted by FFTH shows 98% of respondents prefer the shop-for-free concept over other food support programmes, with freedom of choice as their top reason

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.

Sustainability

FFTH and OCBC Bank launch second Community Shop

With the additional donation of $200,000 for the shop at Boon Lay, OCBC Bank’s support for the Community Shop programme now stands at $500,000

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

Three reasons why a greener economy is achievable

Government support, sustainable finance, economic viability of green projects will help pave way

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

Corporate News

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

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.

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.

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.

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.

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

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.

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, 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.

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

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

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

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