Corporate News, Appointments

CDL secures OCBC 1.5°C Loan – Singapore’s first net zero-aligned loan for corporates to drive transition to a low-carbon economy

The OCBC 1.5ºC Loan is Singapore’s first net zero-aligned loan for corporates to drive transition to a low-carbon economy

Corporate News, Appointments

OCBC continues its leadership renewal with appointment of new CEO for its Hong Kong entity

Recently-appointed Greater China head will also be CEO of OCBC Hong Kong to consolidate leadership for the region

Consumer Banking, FinTech & Innovation

OCBC rolls out Money Lock anti-scam security feature

Funds locked in existing accounts cannot be digitally used or moved. Unlocking can only be done at an OCBC ATM or branch.

Corporate News

Three international start-ups win OCBC Sustainability Innovation Challenge 2023, to pilot solutions with TotalEnergies

This year’s Challenge shines the spotlight on innovative solutions around renewable energy and sustainable mobility.

Corporate News

OCBC Group Third Quarter 2023 Net Profit Rose 21% from the Previous Year to S$1.81 billion

Nine months 2023 net profit up 32% to new high of S$5.40 billion

Corporate News

Fifth OCBC Financial Wellness Index dips to 60, lowest since inception

Given ongoing economic challenges since the outbreak of Covid-19, the annual OCBC Financial Wellness Index recorded its second consecutive dip to an all-time low of 60.

CSR, Events & Sponsorships

OCBC and Care Corner Singapore launch programme to address social isolation amongst seniors

More than 1,000 OCBC staff volunteers will engage 3,500 seniors over 12 months with planned social activities

FinTech & Innovation

OCBC is first Singapore bank to roll out generative AI chatbot to all employees globally

The roll-out of the chatbot looks to build on the productivity gains that the Bank has achieved with several other generative AI productivity tools it has introduced.

Corporate News, Appointments

OCBC announces key leadership changes as its ASEAN-Greater China strategic thrust intensifies

Seasoned OCBC bankers take on expanded roles, reflecting the Group’s deep bench strength

Business Banking

OCBC joins HKEX’S OTC Clear as demand for HKD and CNH derivatives grow

This is to meet increasing demand for hedging products. Total volume of HKD and CNH cross-currency swaps transacted in 1H2023 was more than 50% higher year-on-year.

Business Banking

OCBC joins LCH SwapClear as direct clearing member

Strong demand for corporate loans to support growth in ASEAN and Greater China have driven demand for interest rate swaps.

Consumer Banking

OCBC is first bank in Singapore to offer global cross-border payments via Alipay+

OCBC Singapore customers can now scan and pay at Alipay+ merchants in Malaysia and South Korea using the OCBC Digital app; they will be able to do so in Mainland China from 22 September 2023.

Consumer Banking

OCBC’s largest lifestyle branch at Wisma Atria in Orchard celebrates first anniversary with new partner Baristart Coffee

OCBC Wisma Atria – the bank’s largest integrated lifestyle and banking branch – is welcoming new lifestyle partners in celebration of its first anniversary.

FinTech & Innovation, Business Banking

OCBC’s anti-malware security feature prevented losses of over S$2 million within one month of launch

The security feature, available in versions 18.1 and above of the OCBC Digital app for Android, has prevented losses from more than 30 customers to date .

FinTech & Innovation, Business Banking

OCBC avails digital invoice financing on SESAMi to Singapore government vendors using InvoiceNow

Same-day loan approval gives immediate access to capital to SMEs.

Human Resource

OCBC awards 11 bond-free scholarships in Singapore

OCBC remains one of the very few in the private sector to offer bond-free scholarships to help outstanding individuals pursue their dreams, with over 600 recipients since the 1950s.

Corporate News

OCBC Group half year 2023 net profit rose 38% to a record S$3.59 billion

Interim dividend raised to 40 cents, up 43% from 28 cents a year ago.

Consumer Banking

OCBC expands cross-border payment options with UnionPay QR feature

OCBC customers will be able to pay UnionPay QR-enabled merchants in 47 markets by using the OCBC Digital app.

Appointments, Sustainability

OCBC creates Chief Sustainability Officer role to accelerate sustainability efforts

Together with the set-up of the Board Sustainability Committee in February 2023, OCBC significantly increases its focus on sustainability. Sustainable finance veteran, Mr Mike Ng, will assume the Group CSO role on 1 August 2023.

Business Banking, Sustainability

Frasers Centrepoint Trust taps OCBC’s green financing solution to accelerate Tampines 1 mall’s move towards carbon-neutrality

FCT is first in Singapore to collaborate with OCBC on its green loan offering with carbon credits, which will enable Tampines 1 to progress towards carbon-neutral status encompassing all energy-related emissions

Corporate News

OCBC unifies brand, solidifying One Group strategy to accelerate ASEAN-Greater China growth

OCBC has unveiled a unified brand across its core markets, solidifying its One Group approach to capitalise on the sizeable ASEAN-Greater China opportunity.

Consumer Banking, FinTech & Innovation

OCBC is the first Singapore bank to enable fully digital account opening for foreigners

Consumers from OCBC’s key markets who are relocating to Singapore can open an account remotely via the OCBC Digital app

CSR, Events & Sponsorships

OCBC Cycle virtual ride powers to the finishing line with over 64000 km completed by close to 400 cyclists

The fourth year of OCBC Cycle Virtual Ride ended yesterday with 397 participants completing over 64,000 km. The conclusion of the virtual rides wraps up this year’s OCBC Cycle, which saw the successful completion of the first full-scale event earlier in May since the pandemic impacted mass sports participation events three years ago.

Business Banking

OCBC Bank enters partnership with digital exchange ADDX; first product launched is a tokenised equity-linked structured note

First product launched is a tokenised equity-linked structured note.

CSR, Events & Sponsorships

OCBC launches first-of-its-kind social uplift programme to help low-income families

OCBC has partnered the Ministry of Social and Family Development (MSF) to introduce a first-of-its-kind social uplift programme to proactively provide targeted help to 100 lower-income families with children living in rental flats.

Business Banking, Sustainability

OCBC unveils decarbonisation targets for six sectors to achieve Net Zero financed emissions by 2050

Power, Oil and Gas, Real Estate, Steel, Aviation and Shipping represent the most greenhouse gas emission intensive sectors that OCBC finances.

Corporate News

OCBC Group first quarter 2023 net profit up 39% from the previous year to a record S$1.88 billion

Group net profit increases 44% to quarterly high, with return on equity rising to 14.7%.

CSR, Events & Sponsorships

OCBC Cycle resumes in full scale after three years

Close to 7,300 cyclists gathered at the Singapore Sports Hub on 6 and 7 May to ride in the nation’s marquee cycling event, OCBC Cycle 2023. This marks the first full-scale OCBC Cycle event since 2019 when the pandemic disrupted large-scale sports events and the 2022 edition was limited to 2,000 cyclists joining in person.

CSR, Events & Sponsorships

More than 20 cycling teams race for glory at OCBC Cycle Speedway Championships

Allied World Quantum Racing A and OCBC Bank emerged victorious at the OCBC Cycle Speedway Championships at the Singapore Sports Hub today. On OCBC Cycle’s 15th anniversary, more than 20 teams took part in the annual event’s Speedway Championships, a mainstay in Singapore’s cycling competition calendar.

Consumer Banking

OCBC Digital Silvers programme expanded to equip 2,000 more elderly customers with digital banking skills

To achieve this target, the bank will leverage all 30 of its personal banking branches islandwide – up from 10 branches last year – with multiple workshops running every week.

Business Banking, Sustainability

OCBC Bank and RHB Banking Group collaborate on two sustainability-linked solutions

RHB strengthens ESG ambitions with two sustainability-linked solutions from OCBC Bank – a 2-year S$150 million sustainability-linked loan and cross currency swap, and a S$100 million sustainability-linked loan.

Corporate News, FinTech & Innovation

OCBC Bank launches OCBCx65Chulia in Decentraland to redefine access to banking

Designed to extend the bank’s digital reach, OCBCx65Chulia integrates a heritage museum and banking lobby in one immersive and interactive space.

Consumer Banking, Sustainability

OCBC Bank extends over S$3.5 billion in OCBC Eco-Care Loans in two years since launch

Eco-Care Loans account for 1 in 5 home, renovation, and car loans. This demand reflects Singaporeans’ desire to adopt greener lifestyles.

Corporate News

OCBC Bank officially opens Wuhan branch in China

The expansion of OCBC Bank’s Greater China network, with the addition of Wuhan Branch, will strengthen its ASEAN-Greater China trade and investment proposition.

Business Banking, Sustainability

OCBC Bank introduces Singapore’s first net-zero-aligned loan for corporates to drive transition to a low-carbon economy

This new financing solution aims to incentivise corporates to commit to internationally recognised, science-based net-zero decarbonisation pathways.

Corporate News

OCBC Bank, TTAB, BFSU to curate first industry training programme to enhance job matching for technology roles in banking industry

OCBC Bank, Tech Talent Assembly and Banking and Financial Services Union sign MOU to equip tech workers with focused skills training.

CSR, Events & Sponsorships

OCBC Cycle 2023 attracted more than half of its target participants in just three weeks

3,800 participants have registered for Singapore’s marquee cycling event to date, with 60 per cent being first-time participants

Corporate News

OCBC Group Full Year 2022 net profit rose 18% to a record S$5.75 billion

Fourth quarter net profit up 34% from a year ago to S$1.31 billion. 2022 full year dividend at 68 cents, increased 28% from the previous year.

Insights

Keep a cool head when investing in Chinese equities

After a sharp sell-off starting in February 2021 that spanned nearly 18 months, Chinese stock markets have staged a spectacular rebound. Investors are excited.

CSR, Events & Sponsorships

OCBC Cycle 2023 returns with the first full-scale event in three years with 7,000 cyclists expected to join

OCBC Cycle 2023 will return on 6 and 7 May 2023, where 7,000 cyclists are expected to take part in-person at the nation’s marquee cycling event.

Consumer Banking

OCBC Bank opens its largest integrated lifestyle and banking branch even as digital banking continues to pick up steam

The 20,000 sqft branch at Wisma Atria, Orchard Road, draws customers with its strong retail mix and design for complex banking needs and high-value wealth management decisions.

Corporate News

Fourth OCBC Financial Wellness Index finds young crypto investors still keen on cryptocurrencies despite crash

Market uncertainty, inflation and soaring interest rates impacted Singaporeans’ financial wellness, with this year’s OCBC Financial Wellness Index dropping to 61, reversing last year’s gains.

Appointments

OCBC Bank appoints new Group Chief Risk Officer

The new appointment takes effect from 1 January 2023.

Corporate News, FinTech & Innovation

OCBC Bank and NTU Singapore to embark on a S$5 million research collaboration

The five-year research collaboration will deep dive into developing innovative technological solutions in sustainability, data privacy and cyber security.

Corporate News, Business Banking

OCBC Bank is first in Singapore to leverage digital passport authentication in its ‘Know-Your-Customer’ process when opening a business account

The use of this authentication technology will provide a more secure and seamless remote verification process.

Corporate News

OCBC Group third quarter 2022 net profit up 31% from the previous year to a new high of S$1.60 billion

Nine months 2022 net profit rose to a record S$4.44 billion

Consumer Banking

OCBC Bank to raise flagship OCBC 360 account interest rates to all-time high

Customers can earn interest of 4.65% p.a. on the first S$100,000 in their bank account by tapping on just three of the account’s six bonus interest categories – Salary, Save and Spend. Adding on bonus interest from the Wealth (Insure) and Wealth (Invest) categories increases this to 7.65% p.a.

Sustainability

NParks partners OCBC Bank in Singapore's first large-scale ecological mangrove restoration project at Pulau Ubin

With a contribution of $3 million, the OCBC Mangrove Park underscores OCBC’s commitment to carbon storage efforts to mitigate climate change

Corporate News, Sustainability

OCBC Bank joins Net-Zero Banking Alliance

The Bank has begun developing a systematic plan to achieve net zero by 2050 and aims to unveil, by first half of 2023, its sectoral financed emission targets

Appointments

OCBC Bank Appoints New Head For Its Group Consumer Banking And Wealth Management Businesses

Mr Sunny Quek will assume new role with immediate effect

Sustainability

OCBC Bank's Community Urban Farm Is The First In the Central Business District

The 140kg of vegetables to be harvested annually atop a carpark will yield 3,000 meal portions for the less privileged in Singapore

Appointments

OCBC Bank Appoints New Group Chief Financial Officer

The new appointment takes effect from 1 November 2022

Sustainability, Awards

US-Based Enexor Bioenergy and Singapore's Tria Win Inaugural OCBC Sustainability Innovation Challenge To Pilot Waste-to-Energy and Closed-loop catering solutions at SATS

The winners will receive up to S$80,000 each to begin the pilots in Singapore between Q4 2022 and Q1 2023, with the goal of eventually scaling across SATS’ network

Consumer Banking

OCBC Digital Silvers Programme Launched at Heartland Branches to Upskill 400 Elderly Customers within a year

They will be taught one-on-one by branch staff about digital banking and payments, as well as scam spotting and avoidance

Consumer Banking

OCBC Bank Enhances 360 Account Interest Rates And Reinstates Spend Bonus Interest Category

Customers can now bank and earn a market-beating bonus interest of up to 4.05% p.a. on the first S$100,000 of their account balances

Sustainability

OCBC Bank and NUS collaborate on a nationwide electric vehicle adoption study

This will be Singapore’s largest dedicated study to understand the factors that best influence the adoption of electric vehicles.

Sustainability

OCBC Climate Index 2022 Finds that Singaporeans have not improved in many sustainable behaviours despite Governmental Push and Heightened Attention

Health, cost and convenience are key drivers of change across four main generations with baby boomers leading the pack in embracing climate actions

Business Banking

OCBC Bank-Govtech Developed National Digital Payment Service on LIFESG APP Saw 900,000 Transactions Totalling $41 Million in 9 Months

Launched in November 2021, the national digital payment service, jointly developed by GovTech and OCBC Bank, makes government payments in Singapore simpler, convenient and more sustainable.

Consumer Banking, FinTech & Innovation

OCBC bank is first to enable CPF account top-ups directly from digital banking platforms besides the CPF website

OCBC Financial Wellness Index 2021 revealed CPF as one of the top sources of funding for retirement, validated by the 30 per cent increase in CPF top-up transactions by OCBC Bank customers.

Corporate News

OCBC Group First Half 2022 Net Profit Rose 7% to New High of S$2.84 billion

Second quarter net profit up 28% from a year ago Interim Dividend of 28 cents per share declared

CSR, Events & Sponsorships

OCBC Bank to increase focus on skills-based volunteerism by committing to 30% year-on-year growth

The bank aims to set a new standard for corporate responsibility efforts beyond donations of money and food, to truly help uplift the disadvantaged segments in society

Corporate News

OCBC Bank appoints new Group Data Head as it intensifies digital transformation efforts

OCBC Bank announced today that it has appointed Donald MacDonald as its first Head of Group Data Office with effect from 1 June 2022, a newly created role to drive the Bank’s data strategy and establish OCBC as a leading data-driven organisation in the region.

CSR, Events & Sponsorships

OCBC Cycle 2022 comes to a close with virtual rides attracting close to 3,700 cyclists

The virtual rides of OCBC Cycle 2022 concluded yesterday, with over 3,700 participants this year.

CSR, Events & Sponsorships, Sustainability

OCBC Bank launches global Sustainability Innovation Challenge to pilot waste management and reduction solutions at SATS

OCBC Bank has partnered its corporate customer SATS, a leading food solutions provider, to launch the inaugural OCBC Sustainability Innovation Challenge.

Sustainability

#OCBCCARES Environment Fund to finance two ground-up solutions tapping the growing demand for vending machines in Singapore to tackle plastic waste issues

Filling the funding gap in EB Impact’s Sustainability Exchange programme empowers youths to pilot and test winning solutions that can contribute towards Singapore’s sustainability agenda

Corporate News, Human Resource

OCBC Bank appoints Lee Hwee Boon as Head of Group Human Resources

Lee Hwee Boon succeeds Jason Ho, who retires on 23 June 2022

Corporate News, Consumer Banking

Media statement in response to MAS’ supervisory action after its review of OCBC Bank’s handling of the SMS phishing scam impersonating the bank

Corporate News, Sustainability

OCBC Bank to invest more than S$25 million to reduce its global carbon footprint

OCBC Bank will invest more than S$25 million in decarbonisation efforts in Singapore, Malaysia and Greater China.

CSR, Events & Sponsorships

2,000 cyclists join first in-person mass participation event in two years

2,000 cyclists took part in the City Ride of the OCBC Cycle today – the first in-person mass participation event since the latest easing of Covid-19 measures two weeks ago.

CSR, Events & Sponsorships

In-person racing returns at OCBC Cycle after two-year hiatus

The OCBC Cycle Speedway Championships returned to the Singapore Sports Hub this weekend for an action-packed day of racing, after a two-year hiatus during the Covid-19 pandemic.

Business Banking, Sustainability

OCBC Bank and MetaVerse Green Exchange to develop new green financing solutions with tokenised carbon credits

This partnership between the two Singapore firms aims to help accelerate corporates’ journey to carbon neutrality.

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

Business Banking, Sustainability

OCBC Bank launches first Sustainability-Linked Structured Deposit in Singapore

By adding to the diversity of sustainability-linked investment products, OCBC Bank is enabling customers to play their part to build a more sustainable world with their investments.

Appointments

OCBC Bank appoints Head of Global Wholesale Banking

OCBC Bank today announced the appointment of Mr Tan Teck Long as Head of Global Wholesale Banking, with effect from 15 March 2022.

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.

CSR, Events & Sponsorships

OCBC Cycle 2021's Virutal Ride crosses finish line, sees increased interest from inaugural event in 2020

The second edition of the OCBC Cycle Virtual Ride wrapped up yesterday (4 July) with more than 6,100 cyclists participating in this year’s event. This marked an almost 30% increase in participants from last year’s inaugural event.

Corporate News, FinTech & Innovation, Appointments

OCBC Bank creates new role to drive and accelerate transformation

Mr. Lim Khiang Tong is appointed Group Chief Operating Officer.

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

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 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

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.

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

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.

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

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

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

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)

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

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

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

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.

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.

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.

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

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

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

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

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

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

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.

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.

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.

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

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

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