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
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025