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Finance

Oversea-Chinese Banking Corp. Ltd.

  • 11.16 SGD
  • 0.00
  • 0.00%
  • Singapore
    Mar 22, 2019
  • Ticker
    SES(O39)
  • Prev. close
    11.16
  • Market cap (SGD)
    47,505.55M
  • Market cap (USD)
    35,164.89M
  • Shares
    4,256.77M

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 Corporate or Investment Banking, Global Treasury and Markets, Insurance, OCBC Wing Hang, 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 Corporateor Investment Banking segment provides project financing, overdrafts, deposit accounts, trade financing, syndicated loans, advisory services, and cash management. 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 OCBC Wing Hang segment engages in commercial banking activities. The Others segment includes property and investment holding operations. The company was founded in 1932 and is headquartered in Singapore.

Financial Highlights

Dec 2018 SGDUSD
Revenue26,103M19,345.54M
Gross Profit----
Operating income5,042M3,736.74M
Income before tax5,552M4,114.71M
Net income4,492M3,329.12M
EBITDA----
Diluted EPS1.060.78
Dividends Per Share0.430.31
Total Assets467,543M343,024.94M
Total liabilities425,648M312,287.60M
Total equity40,640M29,816.58M
Operating cash flow4,578M3,392.86M
Currency in SGDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 20,265.21M 21,547.73M 22,632.36M 28,681.22M 26,103M
Gross Profit -- -- -- -- --
Operating income 4,611.23M 4,484.17M 3,805.56M 4,787.22M 5,042M
Income before tax 4,651.25M 4,472.16M 3,878.64M 5,215.72M 5,552M
Net income 3,841.95M 3,903.10M 3,454.04M 4,127.43M 4,492M
EBITDA -- -- -- -- --
Diluted EPS 0.96 0.95 0.82 0.97 1.06
Dividends Per Share 0.35 0.36 0.36 0.37 0.43
Total Assets 401,327.94M 390,292.85M 409,989.84M 455,095.73M 467,543M
Total liabilities 367,142.50M 353,681.18M 370,846.96M 413,818.45M 425,648M
Total equity 31,096.79M 34,053.80M 36,507.94M 38,509.54M 40,640M
Operating cash flow 3,897.70M 4,034.95M 4,190.06M 4,562.97M 4,578M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 15,994.77M 15,668.13M 16,392.57M 20,776.29M 19,345.54M
Gross Profit -- -- -- -- --
Operating income 3,639.51M 3,260.60M 2,756.35M 3,467.80M 3,736.74M
Income before tax 3,671.10M 3,251.86M 2,809.29M 3,778.19M 4,114.71M
Net income 3,032.34M 2,838.08M 2,501.75M 2,989.86M 3,329.12M
EBITDA -- -- -- -- --
Diluted EPS 0.76 0.69 0.59 0.70 0.78
Dividends Per Share 0.27 0.26 0.26 0.26 0.31
Total Assets 302,866.17M 275,115.67M 283,788.91M 340,538.54M 343,024.94M
Total liabilities 277,067.79M 249,308.27M 256,694.78M 309,651.62M 312,287.60M
Total equity 23,467.51M 24,004.37M 25,270.25M 28,815.88M 29,816.58M
Operating cash flow 3,076.34M 2,933.95M 3,034.85M 3,305.36M 3,392.86M

Valuation Measures

Dec 2018
PER10.58
ROA0.97%
ROE11.35%
Operating margin19.31%
Profit margin17.20%

Key executives

  • Group CEO & Non-Independent Executive Director: Samuel Nag Tsien
  • Chief Operating Officer: Wei Hong Ching
  • Chief Financial Officer & Executive Vice President: Siew Peng Tan
  • Head-Group Operations & Technology: Khiang Tong Lim
  • EVP, Head-Group Legal & Regulatory Compliance: Loretta Yuen

Shareholders

  • LEE FAMILY /OCBC/ (21.9%)
  • Lee Foundation (4.2%)
  • The Vanguard Group, Inc. (2.0%)
  • First State Investment Management (UK) Ltd. (1.8%)
  • BlackRock Fund Advisors (1.4%)
  • Norges Bank Investment Management (1.1%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.8%)
  • Kew Estate Ltd. (0.6%)
  • Schroder Investment Management (Singapore) Ltd. (0.5%)
  • Schroder Investment Management (Hong Kong) Ltd. (0.4%)

Contact Details

  • Website:http://www.ocbc.com.sg
  • Address: 63 Chulia Street, #10-00 OCBC Centre East, Singapore, 049514, Singapore
  • Phone: +65.6318.7222

Related Companies

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  • National Australia Bank Ltd /SG & HK Private Wealth Business/
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  • OCBC Securities (Melaka) Sdn. Bhd.
  • Oversea-Chinese Banking Corp. Ltd (Bangkok Branch)
  • Oversea-Chinese Banking Corp. Ltd. (Tokyo Branch)
  • BOS Securities Korea Co., Ltd.
  • Oversea-Chinese Banking Corp. Ltd. /Taipei Branch/
  • Oversea Chinese Banking Corp. Ltd. /London Branch/
  • OCBC Pearl Ltd.
  • OCBC Bank Australia
  • Oversea Chinese Banking Corp. Ltd. (Broker)
  • Oversea Chinese Banking Corp. Ltd. /Los Angeles Branch/
  • OCBC Capital Investment (Asia) Ltd.
  • Oversea Chinese Banking Corp. Ltd. /New York Branch/
  • Kim Seng Properties Pte Ltd.
  • OCBC Bank (China) Ltd.
  • E2 Power Pte Ltd.
  • Oversea-Chinese Banking Corp. Ltd. /Sydney Branch/
  • PT Bank OCBC Indonesia

Competitors

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