1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. Oversea-Chinese Banking Corporation Limited
  6. News
  7. Summary
    O39   SG1S04926220

OVERSEA-CHINESE BANKING CORPORATION LIMITED

(O39)
  Report
Delayed Singapore Stock Exchange  -  05/18 05:04:57 am EDT
11.82 SGD   +0.68%
05/06Oversea-Chinese Banking Corporation Limited commences an Equity Buyback Plan for 224,576,932 shares, representing 5% of its issued share capital, under the authorization approved on April 22, 2022.
CI
05/06OVERSEA-CHINESE BANKING CORPORATION LIMITED : Ex-dividend day for final dividend
FA
05/05RHB Adjusts Oversea-Chinese Banking's Price Target to S$13.90 From S$14.40, Keeps at Buy
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Singapore central bank considers action against OCBC for phishing scam

01/17/2022 | 05:56am EDT
FILE PHOTO: A man walks out of an OCBC Bank branch in Singapore

SINGAPORE (Reuters) - Singapore's central bank said on Monday it will consider supervisory action against the country's second-biggest lender Oversea-Chinese Banking Corp (OCBC), after hundreds of its customers were hit by a phishing scam last month.

Reported losses from the scam amounted to at least S$8.5 million ($6.31 million) in December and ensnared at least 469 customers.

"MAS takes a serious view of the recent phishing scams involving OCBC Bank," the Monetary Authority of Singapore (MAS) said in a statement.

"MAS has been following up with the bank on these and broader issues relating to the incident."

The central bank said OCBC will conduct a thorough probe to identify deficiencies in its processes and implement necessary measures, after which "MAS will consider appropriate supervisory actions."

In a separate statement, OCBC said it was making goodwill payouts to customers hit by the SMS phishing scam after reviewing each case.

It said the scam was particularly aggressive and highly coordinated, and preyed on people's fear there were issues with their accounts or credit cards.

($1 = 1.3476 Singapore dollars)

(Reporting by Aradhana Aravindan; Editing by Martin Petty)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
MSCI SINGAPORE (GDTR) 1.85% 5594.11 Real-time Quote.-12.51%
ON SEMICONDUCTOR CORPORATION 6.07% 58.5 Delayed Quote.-13.87%
OVERSEA-CHINESE BANKING CORPORATION LIMITED 0.68% 11.82 Delayed Quote.2.98%
All news about OVERSEA-CHINESE BANKING CORPORATION LIMITED
05/06Oversea-Chinese Banking Corporation Limited commences an Equity Buyback Plan for 224,57..
CI
05/06OVERSEA-CHINESE BANKING CORPORATION : Ex-dividend day for final dividend
FA
05/05RHB Adjusts Oversea-Chinese Banking's Price Target to S$13.90 From S$14.40, Keeps at Bu..
MT
05/02Maybank Securities Upgrades OCBC to Buy From Hold, Keeps Price Target at SG$14.04
MT
04/29Singapore Shares End Week Higher, OCBC Climbs 4% Despite Posting 10% Drop in Q1 Profit
MT
04/29OCBC's Net Profit Plummets 10% in Q1; Shares Climb 4%
MT
04/29TRANSCRIPT : Oversea-Chinese Banking Corporation Limited, Q1 2022 Pre Recorded Earnings Ca..
CI
04/28Singapore's Top Two Banks, DBS and OCBC, Trade Higher After Earnings
DJ
04/28OVERSEA CHINESE BANKING : First Quarter 2022 Results Press Release (178KB)
PU
04/28OVERSEA CHINESE BANKING : First Quarter 2022 Results Highlights (474KB)
PU
More news
Analyst Recommendations on OVERSEA-CHINESE BANKING CORPORATION LIMITED
More recommendations
Financials
Sales 2022 11 307 M 8 161 M 8 161 M
Net income 2022 5 390 M 3 890 M 3 890 M
Net Debt 2022 - - -
P/E ratio 2022 9,84x
Yield 2022 4,90%
Capitalization 106 B 76 172 M 76 172 M
Capi. / Sales 2022 9,33x
Capi. / Sales 2023 8,40x
Nbr of Employees 30 809
Free-Float 71,7%
Chart OVERSEA-CHINESE BANKING CORPORATION LIMITED
Duration : Period :
Oversea-Chinese Banking Corporation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends OVERSEA-CHINESE BANKING CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 11,74 SGD
Average target price 14,02 SGD
Spread / Average Target 19,5%
EPS Revisions
Managers and Directors
Pik Kuen Wong Chief Executive Officer
Siew Peng Tan Chief Financial Officer & Executive Vice President
Sang Kuang Ooi Chairman
Khiang Tong Lim Group COO, Head-Operations & Technology
Loretta Yuen EVP, Head-Group Legal & Regulatory Compliance