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In a bold move to empower female entrepreneurship across Southeast Asia, OCBC Bank has set its sights on a big goal: to provide social loans to 10,000 women entrepreneurs by 2030. This initiative, aimed at small and medium enterprises (SMEs), spans Singapore,…
OCBC Bank (Hong Kong) has embarked on an ambitious journey, establishing a new department dedicated to providing loans for serial entrepreneurs in the bustling city. This strategic move aims to bolster support for the thriving entrepreneurial ecosystem in…
OCBC’s private banking arm, Bank of Singapore, officially announced the successor to chief executive Bahren Shaari who retired in December. According to a statement, Bank of Singapore appoints Jason Moo as chief executive officer, effective March 6. Moo will…
OCBC’s posted a robust profit increase in the third quarter, which was fueled by a significant reduction in allowances. OCBC registered S$1.22 billion ($904 million) in net profit for the third quarter, according to its latest results, marking a 19 percent…
A DBS veteran will take on a new key position at OCBC, which is part of the bank’s plans to grow and expand across its key markets. OCBC has appointed Tan Teck Long as group head of wholesale banking, according to a filing with Singapore Exchange (SGX) on…
OCBC’s deputy president will retire after 22 years with the Singaporean bank. OCBC deputy president Ching Wei Hong will retire at the end of September, according to an exchange filing. Ching first joined OCBC in November 1999 as head of transaction banking…
OCBC’s net profit for the second quarter surged due to an economic recovery that enabled substantially reduced allowances. OCBC’s posted a net profit of S$1.16 billion ($860 million) in the second quarter, according to its latest results, marking a 59 percent…
Singapore’s OCBC has created more than 50 sustainability-related jobs over the last two years as part of a broader plan to internally promote the space. The 50 jobs span across sustainable business development, sustainable product development, sustainability…
OCBC has appointed a new group chief operating officer in an effort to drive and accelerate transformation at the Singapore-based bank. Lim Khiang Tong has been named group COO – a newly created role – according to a statement, effective June 21 this year.…
The bank aims to grow the division by another 50 headcounts to 150 in total by the end of the year. The bank is looking to boost its transaction banking workforce with specialized staff who can help it to develop products and services, and in particular,…
The quarter’s earnings were driven by broad-based income growth and lower allowances. OCBC Bank recorded a net profit of S$1.5 billion ($1.13 billion) for the January-March period, a jump of 115 percent from the same period last year (S$698 million), and 33…
The quarter’s earnings were driven by broad-based income growth and lower allowances. OCBC Bank recorded a net profit of S$1.5 billion ($1.13 billion) for the January-March period, a jump of 115 percent from the same period last year (S$698 million), and 33…
The bank is considering reducing the number of branches and office space as it moves towards a hybrid work model. We may not need so many branches servicing our customers, so certainly I think there will be a review in terms of our office requirements as we…
OCBC appoints new chief for its Hong Kong unit, succeeding longstanding veteran Na Wu Beng. Ivy Au-yeung has been appointed chief executive of OCBC Wing Hang – the Singapore lender’s Hong Kong unit – according to a report, effective as of May 20, reporting to…
OCBC outgoing group chief executive will maintain ties with the Singaporean lender as an advisor to the board. Samuel Tsien has been appointed advisor to the board upon retirement from his CEO role on April 15, according to a regulatory filing. Tsien will be…
The technology taps on Singapore’s National Digital Identity (NDI) platform and biometric database to enable verification. OCBC wants to eliminate the need for customers to carry around an ATM card by introducing facial biometrics at its teller machines. The…
