Oversea-Chinese Banking Corporation Limited
Oversea-Chinese Banking Corporation Limited (OCBC Bank) is a Singapore based commercial bank. The company, through its subsidiaries offers various financial services. OCBC Bank is engaged in providing consumer, corporate, investment, private and transaction banking, global treasury and stock broking services. The company operates through a network of 370 branches, 537 ATM`s and representative offices in 15 countries and territories, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, China, Hong Kong, Taiwan, Brunei, Myanmar, Japan, Korea, Australia, the UK and the US. The company operates through five business segments namely, Global consumer financial services, Global corporate banking, Global treasury, Insurance and Others. The company is headquartered in Singapore.The bank reported interest income of (Singapore Dollars) SGD 5,266.99 million during the fiscal year ended December 2008, an increase of 0.03% over 2007. The net interest income after loan loss provision of the bank was SGD 2,336.65 million during the fiscal year 2008, an increase of 5.82% over 2007. The net profit of the bank was SGD 1,749.44 million during the fiscal year 2008, a decrease of 15.52% from 2007.