by Amruth Sundarkumar | Aug 3, 2022 | Banks, Singapore Dollar Bonds
Singaporean lender OCBC reported a growth in group net profits of 28% YoY to S$1.5bn ($1.1bn) in Q2 on the back of robust performance across the Group’s banking, wealth management, and insurance businesses. Net interest income rose 16% to S$1.7bn ($1.2bn) driven by...
by Amruth Sundarkumar | Aug 4, 2021 | Banks, Singapore Dollar Bonds
OCBC and UOB reported a jump in profits, restoring their dividend payout to pre-pandemic levels with the increased payout by both banks coming after the MAS lifted dividend caps for Singapore based banks last month. OCBC reported a solid jump in Q2 net profits by 59%...
by bondevalue | May 7, 2021 | Financial Institutions, Singapore Dollar Bonds
OCBC reported net profits at a high of S$1.5bn ($1.1bn), up 115% over 1Q2020 numbers. Profits were helped by a 66% YoY increase in Banking operations and a 59% YoY increase in Wealth Management to S$1.13bn ($850mn) and S$1.21bn ($910mn). Net interest income stayed...
by bondevalue | Feb 24, 2021 | Financial Institutions, Singapore Dollar Bonds
Singapore’s second largest lender OCBC reported a 9% fall in Q4 profits YoY, dragged by lower total income. The bank reported positive loan growth, deposit growth, higher fees and commissions, customer treasury activities and assets under management in the last...
