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Oversea-Chinese Banking Corp. Ltd.

Company Background

Oversea-Chinese Banking Corp. (OCBC) was established through a consolidation of Chinese Commercial Bank, Ho Hong Bank and Oversea-Chinese Bank, in 1932. The current largest shareholder is Lee Foundation, a charitable organization in Singapore formed by Lee Kong Chian, one of the three leaders of OCBC at the time of establishment. Lee Foundation owns around 20%. Current CEO Samuel N. Tsien was appointed in April 2012. Tsien was president and CEO of the Asian arm of Bank of America prior to joining OCBC in 2007 as senior executive vice president. He assumed the title of global head of Global Corporate Bank in 2008.

OCBC has been actively seeking to expand its business beyond corporate and commercial banking through mergers and acquisitions. The bank completed its acquisition of ING Asia Private Bank in 2010 to boost its wealth management business. Renamed as Bank of Singapore, it now operates as the private banking arm. OCBC also increased its stake in insurance company Great Eastern Holdings to around 87% in 2008. The acquisition of Hong Kong's Wing Hang Bank in 2014 is part of plans to accelerate business expansion in greater China.

Business Summary

Oversea-Chinese Banking Corp. Ltd. engages in the provision of financial and banking services. It operates through the following business segments: Global Consumer or Private Banking, Global Wholesale Banking, Global Treasury & Markets, Insurance, and Others. The Global Consumer or Private Banking segment offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. The Global Wholesale Banking segment provides a range of financing solutions including long-term project financing, short-term credit, working capital and trade financing, as well as customized and structured equity-linked financing. The Global Treasury and Markets segment deals with foreign exchange rates, money market, fixed income and derivatives trading, and structured treasury products. The Insurance segment offers fund management, as well as life and general insurance. The Others segment includes property and investment holding operations. The company was founded in 1932 and is headquartered in Singapore.

Financial Highlights

Dec 2022 SGDUSD
Gross Profit----
Operating income5,862M4,250.93M
Income before tax5,961M4,322.73M
Net income5,748M4,168.27M
Diluted EPS1.270.92
Dividends Per Share0.680.49
Total Assets559,956M417,503.71M
Total liabilities506,984M378,007.74M
Total equity51,391M38,317.17M
Operating cash flow11,082M8,036.32M
Currency in SGDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 26,081.85M 33,936.08M 33,765M 30,742M 33,172M
Gross Profit -- -- -- -- --
Operating income 5,043.17M 5,151.04M 3,500M 4,749M 5,862M
Income before tax 5,552.41M 5,800.41M 3,553M 4,856M 5,961M
Net income 4,472.99M 4,810.37M 3,533M 4,812M 5,748M
EBITDA -- -- -- -- --
Diluted EPS 1.06 1.11 0.79 1.07 1.27
Dividends Per Share 0.43 0.53 0.31 0.53 0.68
Total Assets 467,683.66M 491,690.52M 521,395M 542,187M 559,956M
Total liabilities 425,788.92M 444,584.70M 471,417M 489,047M 506,984M
Total equity 40,639.90M 45,664.92M 48,424M 51,465M 51,391M
Operating cash flow 4,579.78M 5,566.90M 6,482M 10,798M 11,082M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 19,329.86M 24,876.22M 24,478.26M 22,875.87M 24,055.30M
Gross Profit -- -- -- -- --
Operating income 3,737.61M 3,775.88M 2,537.35M 3,533.84M 4,250.93M
Income before tax 4,115.02M 4,251.89M 2,575.78M 3,613.46M 4,322.73M
Net income 3,315.03M 3,526.16M 2,561.28M 3,580.72M 4,168.27M
EBITDA -- -- -- -- --
Diluted EPS 0.78 0.81 0.57 0.79 0.92
Dividends Per Share 0.31 0.38 0.23 0.39 0.49
Total Assets 343,128.15M 365,664.30M 394,503.06M 402,171.11M 417,503.71M
Total liabilities 312,390.99M 330,632.28M 356,688.21M 362,754.14M 378,007.74M
Total equity 29,816.50M 33,960.45M 36,639.04M 38,174.53M 38,317.17M
Operating cash flow 3,394.18M 4,080.71M 4,699.18M 8,035.05M 8,036.32M

Valuation Measures

Dec 2022
Operating margin17.67%
Profit margin17.32%

Key executives

  • Group Chief Executive Officer & Executive Director: Pik Kuen Wong
  • Group COO, Head-Operations & Technology: Khiang Tong Lim
  • Group Chief Financial Officer: Chin Yee Goh
  • EVP, Head-Group Legal & Regulatory Compliance: Loretta Yuen
  • Chief Risk Officer: Noel Gerald DCruz


  • Selat Pte Ltd. (10.3%)
  • LEE FAMILY /OCBC/ (8.2%)
  • Lee Foundation (4.4%)
  • Herald Investment Pte Ltd. (4.0%)
  • The Vanguard Group, Inc. (2.0%)
  • BlackRock Fund Advisors (1.6%)
  • Norges Bank Investment Management (1.1%)
  • First Sentier Investors (Hong Kong) Ltd. (0.9%)
  • Schroder Investment Management (Hong Kong) Ltd. (0.8%)
  • First Sentier Investors (Australia) IM Ltd. (0.7%)

Contact Details

  • Website:
  • Address: 63 Chulia Street, No. 10-00 OCBC Centre East, Singapore, 049514, Singapore
  • Phone: +65.6363.3333

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    Last Updated on 17 Mar, 2023

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