It's raining dividends in OCBC and UOB

19 Feb 2018 - Singapore Business Review
OCBC and UOB raised their dividends to 38 cents and 80 cents, respectively. In line with DBS' increase in dividends, OCBC and UOB also raised their annual dividend run-rate. Jefferies Singapore said OCBC raised its dividend run rate from 36 cents to 38 cents, whilst UOB increased it from 70 cents to ...
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OCBC's net profit to grow to $4.89b in 2018

15 Feb 2018 - Singapore Business Review
This will be driven by the rising loan growth, and easing of oil and gas woes. DBS Equity Research reported this year’s forecast of Oversea-Chinese Banking Corporation (OCBC)’s net profit of $4.89b, up by 18.98% YoY from $4.11b in 2017. This is mainly due to the rise in loan growth, which is expected ...
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Singapore banks OCBC, UOB get Q4 profit boost; draw line under bad debts

14 Feb 2018 - The Star Online
SINGAPORE: Singapore's Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd gave upbeat pictures of their growth prospects on Wednesday, after reporting strong quarterly profits and cutting exposure to the weak offshore support services sector. Singapore banks are benefiting from an economy ...
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OCBC's Q4 profit surges by 31% to $1.03b

14 Feb 2018 - Singapore Business Review
Net earnings for fiscal year 2017 reached an all time high with $4.15b. Oversea-Chinese banking Corporation Limited (OCBC Bank) reported a 31% year-on-year (yoy) growth on its fourth quarter ended 31 December (4Q 2017) with $1.03b. The bank’s net interest income increase by 14% to $1.42b, which is pushed ...
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GDP growth in 2017 down to 3.4%: OCBC

7 Feb 2018 - Singapore Business Review
No thanks to slower NODX and manufacturing output. OCBC trims its 2017 GDP forecast to 3.4%, slightly below the flash print of 3.5%, no thanks to slower non-oil domestic exports (NODX) and industrial production (IP). According to a report, other than the slow NODX growth of 3.1% in December, the IP contraction ...
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OCBC to hike interest rates from Friday

29 Jan 2018 - The Star Online
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and its subsidiary OCBC Al-Amin Bank Berhad will raise the interest rates from this Friday. The bank said on Monday their base rate (BR), base lending rate (BLR) and base financing rate (BFR) will be increased by 0.25%. “All loans and financing based on BLR and ...
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Bank stocks continue to lift KLCI

29 Jan 2018 - The Star Online
KUALA LUMPUR: The FBM KLCI continued its ascent on Monday as banking stocks rose further on prospects of improved interest margins. At midday, the local benchmark index was up nearly 10 points to 1,863.80 points. Turnover was 1.5 billion shares worth a value of RM947.33mil. Decliners outpaced advancers ...
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OCBC unveils $200,000 loans for small businesses

16 Jan 2018 - Singapore Business Review
Businesses that have been operating for at least two years are eligible to apply. OCBC launched the OCBC Business Revolving Short Term Loan, which offers funding of up to $0.2m to small and emerging businesses that have been operating for at least two years. According to a press release, business owners ...
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Daily Briefing: Grab closes record fundraiser; Comparing DBS and OCBC home loans

15 Jan 2018 - Singapore Business Review
And here are three important facts about the semiconductor industry right now. From Tech in Asia: Yesterday’s news that Hyundai invested in Grab marks the close of its series G fundraise, which is now the biggest funding round in Southeast Asian history based on publicly available data, the ride-hailing ...
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OCBC's loans may grow by at least 7% in 2018

11 Jan 2018 - Singapore Business Review
Every 1-ppt increase in loan growth can mean 0.9% jumps in net profit. OCBC's recent strong loan growth of 5.5% was driven by housing loans, trade finance, overseas loan demand and Hong Kong-based companies, DBS Equity Research said. Analyst Sue Lin Lim said, "The first three quarters of 2016 were extremely ...
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