OCBC Bank shares: sometimes, it’s best to start with the facts.
Try these: 17% market share in deposits.
Huge deposit base.
Third-biggest branch network in Singapore. Returns on equity (ROE) of 12%.
Has paid dividends for 13 years in a row.
Owns one of the biggest insurance businesses in Singapore — Great Eastern Holdings.
OCBC Ltd (SGX:O39) is the second largest bank in Singapore by market capitalization.
Merged from three local banks in 1932, OCBC is also the longest-established bank.
But what many people may not know is this.
OCBC owns one of the biggest private banks — Bank of Singapore.
Private banks help manage money for the rich — whether it’s lending them money to buy a house, invest their savings or estate planning.
It’s called wealth management.
The thing is, OCBC has always been a traditional banking business.
And OCBC knows one of the fastest growing markets in Singapore today is wealth management.
That’s why over past the 10 years...