OCBC mulls capital management as it closes in on three-year target for S$3 billion incremental revenue
The lender has surpassed milestone targets and achieved S$2 billion as at end-2024
[SINGAPORE] As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on staying resilient in an increasingly uncertain world, said group chief executive Helen Wong.
Wong said OCBC may not necessarily have a revenue target ahead, although she added that the lender will share plans and targets when available.
Instead, she noted other areas of consideration, such as the use of technology and artificial intelligence (AI), the changing nature of customers, as well as sustainability, on top of trade tensions.
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next