OCBC longest-established bank in Singapore, Chart with Support Resistance

Oversea-Chinese Banking Corp Limited (OCBC) is the longest-established bank in Singapore. It has operations in 18 countries and regions.

Lee Foundation owns close to 20% of OCBC’s shares.

13 Feb 2017

Jan 2017
Earnings 18% fall to $789 million for the 4Q16 ended Dec from a year ago.
This brings full-year earnings to $3.47 billion, 11% lower than the previous year.
In 4Q, OCBC Bank reported a 7% fall in net interest income to $1.25 billion, mainly due to lower net interest margin from the continued compression in customer loan yields.
Non-interest income was down 4% against 4Q15 at $926 million, as fee income growth was more than offset by lower net trading income and life assurance profit.