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OCBC balancing cost of staff and cybersecurity; slowing down increments
It also cautions against hopes of strong broad-based growth for S'pore this year
Add BT as a preferred sourcePublished Fri, Apr 28, 2017 · 09:50 PM
Singapore
SHAREHOLDERS had expenses on their mind as they quizzed the board of OCBC Bank on salaries and other costs at the bank's annual general meeting on Friday.
OCBC chairman Ooi Sang Kuang said the bank is slowing down the fixed pay increments for its senior staff, while bonuses for senior management fell last year - in some cases "very significantly" - reflecting accountability for higher bad loans
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