OCBC Bank

DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.

Net institutional inflow boosted the index.

The REIT will use the carbon credits received to offset residual emissions.  

The trio averaged 15.6% total returns from 1 January to 23 May.

The notes will have a coupon of 5.52% annually.

OCBC has been a shareholder in Great Eastern Life since 1958.

It has S$47m in assets under management at launch.

Higher wealth management and insurance income pushed up fee income.

The bank plans to increase its investment beyond its current 88.44% stake.

Over 7,000 cyclists are expected to participate at the OCBC Cycle 2024.

This will be backed by healthy credit standing.

Their net interest margins will ease as a result of their Hong Kong loans.

“Softer NIM but resilient asset quality.”   Two of the largest banks in Singapore are expected to report a year-on-year (yoy) drop in net profits for the first quarter, although their asset quality will remain resilient according to UOB Kay Hian.

Overall, SMEs' performance and health remained in a state of contraction with a 49.7 reading.

Loan demand for used EVs rose 30 times compared to launch, the bank said.

The ETF guarantees a minimum 5% annual dividend for the first 2 years.