Good morning everyone.
OCBC Group Reports Record Second Quarter 2014
Net Profit after Tax of S$921 million
Half Year earnings rose 41% to a new high, supported by healthy business momentum
As at 30 June 2014, the Common Equity Tier 1 capital adequacy ratio (“CAR”) was 14.7% and Tier 1
CAR and Total CAR were 14.7% and 17.4% respectively. Based on Basel III transitional
arrangements, these ratios were well above the respective regulatory minima of 5.5%, 7% and 10%.
An interim dividend of 18 cents per share has been declared for the first half of 2014.
The Scrip Dividend Scheme will be applicable to the interim dividend, giving shareholders the option to
receive the dividend in the form of shares. The issue price of the shares will be set at a 10% discount
to the average of the daily volume weighted average prices during the price determination period from
25 August to 27 August 2014, both dates inclusive.
The interim dividend payout will amount to approximately S$628 million, representing 35% of the
Group’s 1H14 net profit after tax.
http://infopub.sgx.com/FileOpen/OCBC_2Q1...eID=308297
<vested-oldpot><not a call to buy or sell>