Bank of Ningbo

Company in the news

OCBC said to weigh bid for StanChart-backed Indonesian bank

(Aug 15): Oversea-Chinese Banking Corp. is weighing a bid for Standard Chartered Plc’s Indonesian bank, people with knowledge of the matter said, a move that may create the country’s fifth-largest lender. OCBC shares fell.

M&A

OCBC acquires additional 18.51% stake in China fund management firm for $12.6 mil

SINGAPORE (Jan 17): Lion Global Investors, a subsidiary of Oversea-Chinese Banking Corporation (OCBC), has raised its interest in China’s Maxwealth Fund Management Company (FMC) to 28.51% from 10% previously by acquiring 37 million shares for RMB61.45 m

Results

OCBC’s 3Q earnings up 5% to $943 mil, beats forecasts

SINGAPORE (Oct 27): Oversea-Chinese Banking Corporation (OCBC) Bank announced forecast-beating 3Q16 earnings of $943 million, 5% higher than a year ago, lifted by higher non-interest income and its wealth management and life assurance businesses.
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