Oversea-Chinese Banking Corpn Ltd was incorporated in Singapore on 31 October 1932 to carry on business in banking and finance. The Bank is the successor to Chinese Commercial Bank Ltd, Ho Hong Bank Ltd and the Overseas-Chinese Bank Ltd. The principal activities of the Bank and of the Group consist of the business of banking and finance, financial services, investment, corporate finance, stockbroking, futures broking, asset management, venture capital, nominee and trustee services, property management, real estate owners and developing real estate. Today, the Bank is one of the largest local commercial banks in Singapore. It has branches and representative offices in 13 countries. FY00 Turnover Interest $3.2B, fees and commissions $255.5m, dividends $26.3m, other 184.6m income. 1HFY01 profit fell on lower interest margin, reduced brokerage and fund management income, higher staff costs, increase provision for fall in value if investment securities and lower general provision write backs. (wef : 08/01/02) |
Overseas Chinese Banking Corporation OCBC Bank offers a broad range of services in consumer banking, business banking, international banking, global treasury and investment management. The OCBC Group has diverse subsidiaries that are involved in financial futures, regional stockbroking, trustee, nominee and custodian services, property development and hotel management. |
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