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OCBC Bank
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Building on the Heritage of our Overseas Chinese
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MrBear12
Supreme |
12-Mar-2025 16:17
Yells: "Bear is going to sleep. ZzZzzzzzzzz..." |
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Sell then buy what?
Tea and coffee??
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ysh2006
Supreme |
12-Mar-2025 15:57
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The market is opened don't like sell loh...flat hope of analyst reports or eyeing them give GE shares like SCI
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ysh2006
Supreme |
02-Mar-2025 16:01
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Gave ordinary dividend 41c and special dividend 16c we want how much ?...now coffee and tea price also increased already... | ||||
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MrBear12
Supreme |
26-Feb-2025 07:08
Yells: "Bear is going to sleep. ZzZzzzzzzzz..." |
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It was share buybacks and special dividends of 10 percent of nett profit for fy 2025 and fy 2024
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MrBear12
Supreme |
26-Feb-2025 07:05
Yells: "Bear is going to sleep. ZzZzzzzzzzz..." |
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Singapore, 26 February 2025 ? Oversea-Chinese Banking Corporation Limited (?OCBC?) reported net
profit of S$7.59 billion for the financial year ended 31 December 2024 (?FY24?), 8% higher as compared to
S$7.02 billion in the previous year (?FY23?).
OCBC?s resilient performance demonstrated the strength of its well-diversified business franchise of
Banking, Wealth Management and Insurance. Group net profit was driven by robust income growth across
its three key businesses and lower allowances. Total income surged above S$14 billion for the first time,
fuelled by record net interest income, and strong non-interest income propelled by a rise in wealth fees, a
new high in trading income and an increase in insurance income. Asset quality remained sound with non-
performing loan ratio at 0.9%.
With OCBC?s sustained earnings growth and strong capital position, the Board has announced a
comprehensive approach to return S$2.5 billion of capital to shareholders over two years via special
dividends and share buybacks. The capital return comprises special dividends amounting to 10% of the
Group?s net profit for FY24 and FY25, with the balance via share buybacks over two years, subject to market
conditions and regulatory approvals. Together with OCBC?s target ordinary dividend payout ratio of 50%,
the total dividend payout for FY24 and FY25 will amount to 60% annually. For FY24, a final ordinary dividend
of 41 cents per share is proposed, bringing the total ordinary dividend to 85 cents per share, or payout ratio
of 50%. The Board is also recommending a special dividend of 16 cents per share or payout ratio of 10%
at the upcoming 2025 Annual General Meeting. This will bring the FY24 total dividend payout to 60% of
net profit.
FY24 Performance Highlights
YoY
Total Income S$14.5b +7%
Net Interest Income S$9.76b +1%
Non-Interest Income S$4.72b +22%
Operating Expenses S$5.74b +10%
Net Interest Margin 2.20% -8bps
Credit Costs 19bps -1bp
Customer Loans S$319b +8%
Customer Deposits S$391b +7%
NPL Ratio 0.9% -0.1ppt
CET1 CAR
Transitional final Basel III reforms 17.1%
Fully phased-in final Basel III reforms 15.3%
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MrBear12
Supreme |
25-Feb-2025 20:33
Yells: "Bear is going to sleep. ZzZzzzzzzzz..." |
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50 more likely plus any of the below
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acetron
Member |
25-Feb-2025 20:28
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Targeting div of $0.55 | ||||
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MrBear12
Supreme |
25-Feb-2025 20:02
Yells: "Bear is going to sleep. ZzZzzzzzzzz..." |
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What u want?
Special dividend Capital distribution Share buyback Bonus shares Take yr pick |
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MrBear12
Supreme |
21-May-2024 14:17
Yells: "Bear is going to sleep. ZzZzzzzzzzz..." |
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Ocbc shareholders shld get their dividend today for final dividend 23 | ||||
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MrBear12
Supreme |
09-May-2024 18:29
Yells: "Bear is going to sleep. ZzZzzzzzzzz..." |
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There are so many OCBC threads. Let' s start on a consolidated one here. For more information, you can refer to the following: Media Newsroom - OCBC Bank |
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