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Overseas Chinese Banking Corporation (OCBC Bank)
17-02-2016, 12:01 PM,
Post: #411
RE: Overseas Chinese Banking Corporation (OCBC Bank)
(16-02-2016, 05:32 PM)edragon Wrote: What is the criteria of NPL for the banks? 90 days of default?

Though outdated (MAS 1998), still can be used as reference:
http://www.mas.gov.sg/news-and-publicati...ep-98.aspx

ANSWER TO PARLIAMENTARY QUESTION ON:
Domestic Non-Performing Loans

For Parliament Sitting on 04 Sep 98

--------------------------------------------------------------------------------

Question:
To ask the Deputy Prime Minister whether there has been an increase in domestic non-performing loans as a result of the economic downturn, with regard to (i) absolute magnitude; (ii) magnitude as a percentage of total domestic loans; and (iii) the number of such loans.

Answer:
As at 30 Jun 98, the total domestic non-performing loans (NPLs) of the 6 local banking groups amounted to $5.4b or 3.9% of their total domestic loans. This compares with $3.1b or 2.3% of total domestic loans in Dec 97. The number of such loans was 7,913, compared to 6,213 loans six months earlier.

2 87% of the domestic non-performing loans are in the 'substandard' category, with 6% in the 'doubtful' category and 7% in the 'bad' or 'loss' category. The banks have made provisions for all NPLs in line with MAS guidelines, i.e. 10% provision for the unsecured portion of substandard loans, 50% for doubtful loans and 100% for loss loans 1.

3 40% of the increase in NPLs is due to the banks adopting stricter criteria for classifying loans. Banks now automatically classify loans as NPLs once the principal or interest payments are 3 months or more in arrears, compared to the previous rule of 6 months. 3 months is increasingly the international practice. In addition, banks are continuing to treat all loans to borrowers with weak financials as NPL, regardless of whether they are in arrears. The remaining 60% of the increase in NPLs reflects the slowdown in the Singa-pore economy.

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1 Non-performing loans are those graded Substandard, Doubtful and Loss. The definitions are as follows:-

1.Substandard : loans are classified substandard when their normal repayments are overdue or may be in jeopardy. Also included in this category are performing loans which are graded substandard solely because of the borrowers' weak financials.

2.Doubtful : loans are classified doubtful when full liquidation of outstanding debts appear questionable and the accounts suggest that there will be a loss, the exact amount of which cannot be determined as yet.

3.Loss : loans are classified as loss when outstanding debts are regarded as uncollectible.

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17-02-2016, 12:11 PM,
Post: #412
RE: Overseas Chinese Banking Corporation (OCBC Bank)
OCBC 17-Feb-2016
Domestic loan demand in Singapore is very weak: OCBC ceo
Operating environment is quite challenging, not limited to oil and gas. Property and retailing is weaker than before: OCBC ceo

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07-04-2016, 10:08 PM, (This post was last modified: 07-04-2016, 10:11 PM by Dividend Knight.)
Post: #413
RE: Overseas Chinese Banking Corporation (OCBC Bank)
OCBC acquires Barclays’ wealth business in Asia for S$430m

Seems the banks are really getting into the private wealth management business as the rich baby-boomers in Asia retire in bulk.
My Personal Financial Blog (Getting $1.4k per month in dividends)

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09-04-2016, 07:30 PM,
Post: #414
RE: Overseas Chinese Banking Corporation (OCBC Bank)
ocbc is v aggresive these days

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10-04-2016, 09:54 PM,
Post: #415
RE: Overseas Chinese Banking Corporation (OCBC Bank)
(17-02-2016, 12:11 PM)edragon Wrote: OCBC 17-Feb-2016
Domestic loan demand in Singapore is very weak: OCBC ceo
Operating environment is quite challenging,  not limited to oil and gas. Property and retailing is weaker than before: OCBC ceo

more growth areas needed, wealth management biz buy over makes sense, Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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11-04-2016, 06:06 PM, (This post was last modified: 11-04-2016, 06:07 PM by Dividend Knight.)
Post: #416
RE: Overseas Chinese Banking Corporation (OCBC Bank)
(10-04-2016, 09:54 PM)brattzz Wrote:
(17-02-2016, 12:11 PM)edragon Wrote: OCBC 17-Feb-2016
Domestic loan demand in Singapore is very weak: OCBC ceo
Operating environment is quite challenging,  not limited to oil and gas. Property and retailing is weaker than before: OCBC ceo

more growth areas needed, wealth management biz buy over makes sense, Tongue

Being a pure play private wealth management entity, Bank of Singapore is a subsidiary of OCBC. So yes, definitely makes sense to growth its AUM aggressively in an industry where scale matters alot as profit margins are thin. If I remember correctly, the CEO of OCBC once mentioned that they are focusing on 3 pillars - Retail banking, Private banking & Insurance
My Personal Financial Blog (Getting $1.4k per month in dividends)

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14-02-2017, 10:59 AM, (This post was last modified: 14-02-2017, 02:54 PM by BlueKelah.)
Post: #417
RE: Overseas Chinese Banking Corporation (OCBC Bank)
Poor banking results causing STI to tank today. More to come? DBS thursday, UOB friday.

Singapore's OCBC fourth-quarter profit slumps to three-yr low on bad debt charges

By Anshuman Daga
SINGAPORE (Reuters) - Oversea-Chinese Banking Corp (OCBC.SI), Singapore's second-biggest lender, reported a bigger-than-expected 18 percent drop in quarterly net profit to the lowest level in three years, dragged down by a 57 percent jump in bad debt charges.
Singapore banks' exposure to the stressed oil services sector and slowing loan growth due to slack regional trade are clouding prospects for the country's lenders.
OCBC CEO Samuel Tsien said the bank's overall portfolio quality remained sound, but there "continued to be stresses ... particularly within the oil and gas support services sector which drove increases in non-performing loans and allowances."
Kicking off the sector's reporting season, OCBC's net profit came in at S$789 million ($571 million) in the three months ending December, versus S$960 million a year earlier and an average forecast of S$856 million from six analysts polled by Reuters. Full-year net profit fell 11 percent.
OCBC's net allowances for loans and other assets rose to S$305 million in the fourth quarter from a year earlier.
Singapore's biggest bank, DBS Group Holdings (DBSM.SI), and No. 3 lender, United Overseas Bank (UOBH.SI), report results later this week.
"I love Taiwan"

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11-05-2017, 02:11 PM,
Post: #418
RE: Overseas Chinese Banking Corporation (OCBC Bank)
OCBC to Acquire National Australia Bank's Private Wealth Business in Singapore and Hong Kong
The business provides an immediate boost to OCBC Bank’s mortgage and deposit books across both its core markets and broadens its customer base

Singapore, 11 May 2017
OCBC Bank announced today that it has entered into an agreement to acquire National Australia Bank’s (NAB) Private Wealth business in Singapore and Hong Kong. As at end February 2017, the business comprised a mortgage portfolio amounting to about US$1.7 billion (S$2.39 billion) worth of mainly residential mortgage loans, and a deposit portfolio made up of about US$3.05 billion (S$4.28 billion) worth of deposits of a mix of currencies. The business serves a total of about 11,000 customers across the two markets, primarily from the affluent segment.

The purchase consideration will be at around the book value, or net asset value, of the business at the time of completion. The consideration, arrived at on a willing buyer willing seller basis, takes into account OCBC Bank’s assessment of the value and potential of the business. 

More details in http://infopub.sgx.com/FileOpen/Media_Re...eID=452954
Specuvestor: Asset - Business - Structure.

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