OCBC provides a variety of commercial banking, insurance and financial services, mostly in Asia-Pacific. Consumer/Private Banking, Wholesale Banking, Treasury & Markets, Insurance and others are among the company’s key business segments.
Source: Yahoo Finance
With OCBC down 20% from this year’s peak in February this year till today due to market uncertainty. Now may be a good time to discover more about OCBC and determine if this could be a good opportunity. Let’s now take a look at what OCBC has to offer. Back in 2020, MAS requested for OCBC to lower dividends to buffer capital during the start of COVID-19. When the news was announced, it deterred investors and the stock price plummeted. OCBC Bank is a popular bank among Singaporeans and also awarded the ASEAN SME bank for 11th consecutive years. More often than not, it is usually the second bank account that Singaporeans may open after...