Asia300

Oversea-Chinese Banking Corp. Ltd.

Singapore

  • 1m
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  • 1y
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Aug 18, 2017
Prev close: 11
Aug 18, 2017
Market cap:
Market cap(USD):
46,131.6M
33,837M
Shares: 4,193.78M

Currency in SGD

Company profile

Market(Ticker): SES(O39)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 29,792

Business summary

Oversea-Chinese Banking Corp. Ltd. is engaged in the provision of financial and banking services. It operates through the following business segments: Global Consumer/Private Banking; Global Corporate/Investment Banking, Global Treasury and Markets, Insurance, OCBC Wing Hang, and Others. The Global Consumer/Private Banking segment offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. The Global Corporate/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.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 22,632.36M
Gross profit --
Operating income 3,805.56M
Income before tax 3,878.64M
Net income 3,454.04M
EBITDA --
Diluted EPS 0.82
Dividends per share 0.36
Total assets 409,989.84M
Total liabilities 370,846.96M
Total equity 36,507.94M
Operating cash flow 4,190.06M

Currency in SGD

Revenue 16,392.57M
Gross profit --
Operating income 2,756.35M
Income before tax 2,809.29M
Net income 2,501.75M
EBITDA --
Diluted EPS 0.59
Dividends per share 0.26
Total assets 283,788.91M
Total liabilities 256,694.78M
Total equity 25,270.25M
Operating cash flow 3,034.85M

Currency in USD

Valuation measures

Dec 2016

PER 10.85
ROA 0.86%
ROE 9.79%
Operating margin 16.81%
Profit margin 15.26%

Key executive

  • 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
  • Head-Group Legal & Regulatory Compliance: Loretta Yuen

Share holders

  • LEE FAMILY /OCBC/(21.4%)
  • Lee Foundation(4.3%)
  • First State Investment Management (UK) Ltd.(2.7%)
  • The Vanguard Group, Inc.(1.8%)
  • Aberdeen Asset Management (Asia) Ltd.(1.4%)
  • BlackRock Fund Advisors(1.3%)
  • Norges Bank Investment Management(1.2%)
  • Kew Estate Ltd.(0.6%)
  • Lee Brothers (Wee Kee) Pte Ltd.(0.5%)
  • APG Asset Management NV(0.4%)

Address

  • Website: http://www.ocbc.com.sg
  • Address: No. 10-00, OCBC Centre East, 63 Chulia Street, Singapore, 049514, Singapore
  • Phone: +65.6318.7222

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