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OCBC Bank has issued an electronic banker’s guarantee (eBG), making it the first lender to tap on Singapore Custom’s Electronic Guarantee Program. OCBC Bank became the first bank to leverage Singapore Customs’ electronic Banker’s Guarantee program launched on…
OCBC’s posted a record in net profits after broad-based growth across interest and non-interest income growth drove the bottom line 8 percent higher. Annual net profits at OCBC reached S$4.87 billion ($3.48 billion) after the bank ended the year on a strong…
HSBC Singapore is the latest to join other Singapore banks in announcing a slew of relief measures to help businesses and retail customers tide through the effects of the Covid-19 outbreak. HSBC announced on Friday its set of support measures for Singapore…
Besides contributing $300,000 and manpower to a community shop, the bank will also leverage its data analytics to guide them on the distribution of food items. OCBC Bank will contribute S$300,000 and volunteer support for the operation of the first community…
OCBC has implemented an automated solution that accelerates collaboration with law enforcement agencies by up to 100-fold. On average, it takes between 10 days and three months for banks to respond to production orders or requests by law enforcement agencies…
The transport operator becomes the first Singapore land transport company to adopt a green loan, which will be used to finance its hybrid bus fleet in Melbourne, Australia. Singapore land transport operator ComfortDelGro’s Australia subsidiary has received a…
OCBC has hired former HSBC Greater China CEO to lead a new wholesale banking unit. OCBC has appointed former HSBC Greater China chief Helen Wong as deputy president and head of global wholesale banking, The veteran with 35 years of banking experience will…
Despite initial interest, a consortium made up of Singaporean lender OCBC, marine giant Keppel and peer-to-peer lending platform Validus has decided not to pursue a digital banking license in the city-state. The decision against applying for a license is…
OCBC furthers its commitment to achieving a S$10 billion sustainable finance portfolio by 2022 with its latest green loan to Hong Kong-based developer Hang Lung. Hang Lung secured an HK$1 billion ($128 million) green loan facility from the OCBC to finance…
When asked if Oversea-Chinese Banking Corp is ready to take on Chinese technology companies looking to take a piece of Singapore’s banking market, the lender’s top executive said they are well-positioned. Jack Ma’s Ant Financial Services Group has announced…
The chief of Oversea-Chinese Banking Corp has signaled that he favors internal candidates over external ones to succeed him when the time comes. Samuel Tsien, who is in his eighth year as the chief executive officer at Oversea-Chinese Banking Corp (OCBC),…
Singapore developer Tiong Seng has secured S$125 million of green loans and performance-linked facilitates from OCBC and DBS, respectively. OCBC and DBS provided around $51.4 million and $40.4 million, respectively, according to a regulatory filing. The OCBC…
OCBC is partnering with Temasek Polytechnic in an effort to train up to 200 employees to become cyber risk analysts and cybersecurity specialists in the next three years. The bank and higher education institution will launch a cyber certification program…
OCBC names a successor to oversee the consumer financial services following the exit of Dennis Tan. Tan joined the bank 10 years ago as its head of branch and group premier banking before being appointed as head of consumer financial services in 2012. He will…
Sumitomo Mitsui Financial Group and OCBC Group are believed to be readying their offers to compete for the acquisition of Indonesian lender PT Bank Permata. The two banks have separately conducted due diligence on Permata in the past several months, citing…
OCBC Bank is in talks with Keppel Corporation, peer-to-peer lender Validus Capital, and Vertex Ventures, to form a digital-bank consortium. OCBC is likely to take an equity stake in the consortium rather than open up its balance sheet. With a track record of…
