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OCBC Reports 2016 Figures

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OCBC Reports 2016 Figures 

OCBC reported a net profit after tax of S$3.47 billion for the financial year ending 31st December 2016. (“FY16”). Against (“FY15”) performance, net profit after tax was 11% lower.

This decline in earnings was due to a raise in net allowances and lower trading and insurance income which offset the strong wealth management fee income growth and increased onctributions from Indonesia and Hong Kong subsidiaries.

News Source: OCBC Press Release

 

About OCBC

OCBC Bank
OCBC Bank

OCBC (SGX:O39) is the longest established Singapore bank — it was born out of the Great Depression through the consolidation of three banks in 1932: the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917) and the Oversea-Chinese Bank Limited (incorporated in 1919). It operates its banking business as OCBC Bank, Bank OCBC NISP, OCBC Wing Hang China, OCBC Al-Amin, and Bank of Singapore in over 18 countries and territories.

  • Origin : Singapore
  • Assets : SGD 390.19 billion
  • Revenue : SGD 8.72 billion
  • Employees : 29,000

Official Website: www.ocbc.com

News & Media: Press Release

Updated on 8th August 2016




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