OVERSEA-CHINESE BANKING CORPORATION LIMITED

• ⚠

  Confirmation statement overdue

  Due 2017-06-11.

Accounting basis

Singapore Financial Reporting Standards

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In preparing the financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.”

Group structure

1. OVERSEA-CHINESE BANKING CORPORATION LIMITED · parent
   1. OCBC Bank (Macau) Limited 100% · Macau SAR · Banking
   2. Bank of Singapore Limited 100% · Singapore · Banking
   3. OCBC Al-Amin Bank Berhad 100% · Malaysia · Banking
   4. OCBC Bank (Malaysia) Berhad 100% · Malaysia · Banking
   5. OCBC Bank Limited 100% · People's Republic of China · Banking
   6. OCBC Bank (Hong Kong) Limited 100% · Hong Kong SAR · Banking
   7. PT Bank OCBC NISP Tbk 85% · Indonesia · Banking
   8. Great Eastern General Insurance Limited 94% · Singapore · Insurance
   9. Great Eastern Life Assurance (Malaysia) Berhad 88% · Malaysia · Insurance
   10. The Great Eastern Life Assurance Company Limited 94% · Singapore · Insurance
   11. Lion Global Investors Limited 96% · Singapore · Asset management and investment holding
   12. Great Eastern Holdings Limited 94% · Singapore · Asset management and investment holding
   13. OCBC Securities Private Limited 100% · Singapore · Stockbroking

Significant events

• “$7.59 billion record net profit”
• “$71 billion in sustainable finance commitments, ahead of 2025 target of $50 billion”
• “Singapore bank to launch an individual savings account with debit card for children aged 7 to 12”
• “Bank in Asia Pacific to enable near-instant transfers to both WeChat Pay (Weixin Pay) and Alipay”
• “AI-powered stock-picker tool, A.I. Oscar, in Singapore”
• “13% growth (y-o-y) in customer Islamic financing by OCBC Al-Amin”
• “Highest tier of certification for infrastructure reliability, available in Hong Kong SAR”
• “Top 3 in Bloomberg’s Hong Kong loans league table for mandated lead arranger”
• “16% growth (y-o-y) in the small and medium enterprise customer base in Malaysia”
• “>45% increase (y-o-y) in the number of beneficiaries who received help through our #OCBCCares programme”
• “15% growth (y-o-y) in affluent segment across our core markets”
• “>70% increase (y-o-y) in revenue from online sale of wealth products in Singapore”
• “>80% growth (y-o-y) in alternative investments inflows at Bank of Singapore”
• “25% growth (y-o-y) in revenue from regular bancassurance products”
• “Only insurer (Great Eastern) at present to administer key government schemes”
• “1st and only insurer (Great Eastern) to support Singaporeans with their Lasting Power of Attorney and Advance Medical Directive”
• “>$2 billion Record net sales for SGD Cash Management Solutions by Lion Global Investors”
• “1st active ETF on SGX and Singapore’s first AI-powered ETF by Lion Global Investors”
• “Record total income of $14.5 billion, up 7%”
• “Record net profit of $7.59 billion, up 8%”
• “Rewarding Shareholders $2.5 billion Capital return over 2 years”
• “60% Total Dividend Payout Ratio $1.01 Dividend Per Share, up 23%”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.