OCBC

OCBC webinar series to benefit 3,000 SMEs by year-end

BY the end of 2020, some 6,500 employees from more than 3,000 small and medium enterprises (SMEs) are expected to have attended sessions of OCBC's webinar series, created during the "circuit-...

OCBC partners SOCASH to offer cash withdrawal at over 1,500 shops

FINTECH startup SOCASH has announced a partnership with OCBC to provide the bank's customers with more cash withdrawal points.

OCBC's shift from offshore exposure to sustainable financing no less challenging

WITH the recent slashing of OCBC's exposure to the offshore support vessels (OSV) sector, the question is whether the bank's plan to rev up its sustainable finance portfolio will be able to make...

Singapore banks stick to hiring plans even as UOB freezes wages

SINGAPORE banks have stuck to staffing plans made earlier in the year, including their commitments to retain jobs through to the end of 2020. But they are actively managing staff costs as...

OCBC sees no long-term impact from Covid-19 on sustainable financing ambitions

COVID-19 will not have a long-term impact on OCBC's sustainable financing ambitions, even as companies' attentions are now diverted to immediate issues as they struggle with the pandemic fallout...

OCBC survey finds Singaporeans and PRs facing financial stress over Covid-19

FINANCIAL stress since the "circuit breaker" was imposed appears to have caused many Singaporeans to shelve or reduce their retirement savings, a survey by OCBC has found.

OCBC expects credit costs from Covid-19 impact to be higher than during GFC

OCBC'S group CEO Samuel Tsien expects cumulative credit costs to be between 100 to 130 basis points (bps) over the next two years - higher than during the global financial crisis (GFC) and similar...

Singapore banks brace themselves for tough months ahead

SINGAPORE banks posted lower earnings in the first quarter after bulking up their provisions to cushion against economic stresses brought on by the virus outbreak, and against some of their oil-...

More donations needed as Singapore sinks deeper into recession

MASSIVE job cuts are tipped to swell the ranks of the needy, requiring more charities to chip in to help build a multi-stakeholder front.

Seniors taking to online banking; challenge is to keep them hooked post-pandemic

MORE seniors have turned to online banking amid tighter curbs to stamp out Covid-19 in Singapore, but the challenge is in maintaining this shift for the long run, said OCBC's head of e-business...

Singapore banks put to another major test on O&G exposure

WITH oil trading giant Hin Leong making headlines amid the recent collapse of oil prices, the Singapore banks are set to take charges against their broader exposure to the oil-linked sectors but...