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8 things I learned from the 2022 OCBC Bank AGM
By The Fifth Person  •  May 13, 2022
Oversea-Chinese Banking Corporation (OCBC) is the second largest financial institution in Southeast Asia with a market capitalization of over S$53.0 billion (as of 12 May 2022). Over the years, OCBC has grown its international footprint and now comprises more than 470 branches and representative offices in 19 countries and regions. As of 31 December 2021, OCBC’s total assets comprised more than S$542.2 billion. OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. I attended OCBC’s 2022 AGM to understand more about the bank’s outlook and corporate strategy amid the rising interest rates and inflation. Here are eight things I learned from the 2022 OCBC Bank AGM. 1. Total income increased 5% year-on-year to S$10.6 billion in FY2021 from S$10.1 billion in FY2020. This was mainly attributed...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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