OCBC

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DBS, OCBC hit new records but UOB lags

The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender

SME suppliers do not need to submit bank statements or financial reports, as OCBC will assess their credit quality based on the transaction data from the invoices on Marriott’s procurement platform.

12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC

The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable

The capital injection from OCBC’s investment arm is part of the bank’s sustainability investment programme, which seeks to directly invest in green and transition assets.

OCBC invests in low-carbon steel in Malaysia’s Sabah

The investment is for the development of a hot briquetted iron plant, which will be part of South-east Asia’s largest integrated low-carbon steel plant

OCBC shares are supported by “outperformance in the wealth franchise, and the optionality of higher dividends in 2026.”

OCBC shares continue record-breaking streak to hit S$18.95 as wealth unit shines

[SINGAPORE] OCBC shares surged further to another new high on Wednesday (Dec 3) after a record-breaking performance on Tuesday.

Even as AI boosts productivity, OCBC is preparing for a deeper technological shift, says Praveen Raina, the bank’s head of group operations and technology.
THE BANKER

Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina

The bank is investing in talent and expanding research partnerships with universities

Shares of UOB plunged as much as about 4.6 per cent on November 6, after it reported a 72 per cent year-on-year decline in net profit for its third quarter.

Banking on the Singapore banks

UOB’s shares took a beating after the lender reported a slump in its third quarter earnings. Should investors worry? Do DBS and OCBC offer more promising exposure to the banking sector and the Singapo...

Along with China’s WeChat Pay and Alipay, the wallets collectively represent a total user base of up to 2.7 billion.

OCBC app adds 8 digital wallets from across South-east Asia

The bank aims to connect customers with 50 wallets worldwide in the long-term

OCBC said no customer data was compromised and that their monies remained safe during the outage.

OCBC’s Internet and mobile banking services fully restored after two-hour outage

[SINGAPORE] OCBC customers experienced difficulties logging into the bank’s mobile application on Thursday (Nov 27). 

“We hope to be within the top five in the next three to five years,” chief executive Jason Moo told Reuters in an interview.

Bank of Singapore to invest in hiring, tech to boost assets, CEO says

[SINGAPORE] Bank of Singapore (BOS) plans more investment in hiring and technology as it aims to climb into Asia’s top five private banks within five years after assets under management rose nearly 20...