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ocbc.com

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Investments

15

Portfolio Exits

1

Partners & Customers

10

About OCBC Bank

The OCBC Bank group comprises a family of companies owned by Singapore's longest established local bank.

OCBC Bank Headquarter Location

Singapore

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Latest OCBC Bank News

OCBC Q2 profit jumps 28% to $1.48 billion, beating forecasts

Aug 3, 2022

The bank declared an interim dividend of 28 cents per ordinary share, representing a payout ratio of about 44 per cent. PHOTO: REUTERS https://str.sg/waBP SINGAPORE - OCBC Bank reported on Wednesday (Aug 3) a better-than-expected increase in second-quarter earnings from a year ago as it benefited from rising interest rates. Net profit for Singapore's second-biggest local bank came in at $1.48 billion for the three months to June, up 28 per cent from $1.16 billion for the same period a year ago. It also blew past the $1.26 billion forecast by analysts in a Bloomberg poll. Its latest results reversed a 10 per cent decline in first-quarter earnings that came on the back of lower wealth management fees, trading income and life insurance profit. The bank declared an interim dividend of 28 cents per ordinary share, up from 25 cents last year. Group chief executive Helen Wong said overall economic growth in the bank's key markets is expected to remain positive this year but at a slower pace due to heightened headwinds in the operating environment. She added in the bank's results statement that net interest income reached a new high from loan growth and the bank's balance sheet benefited from rising interest rates. OCBC's second-quarter net interest income rose 16 per cent year on year to a record $1.7 billion, largely driven by asset growth and an expansion in the bank's margin. Net interest margin - a key gauge of banks' profitability - rose 13 basis points to 1.71 per cent as asset yields outpaced higher funding costs amid the rapidly rising interest rate environment. Non-interest income stood at $1.18 billion, up 6 per cent from a year ago mainly from higher trading income and life insurance profit. However, net fee income dropped 15 per cent to $477 million, largely due to lower wealth management, brokerage and investment banking fees, in line with weaker investment sentiments globally. Loan and trade-related fees grew on the back of higher lending and trade volumes, and credit card fees were also higher amid broader reopening of economies and as activities resumed. Ms Wong added: "Despite heightened market volatility, we are pleased to see net new money inflows in our wealth management business, as well as healthy new insurance sales. OCBC's wealth management income - from areas such as insurance, private banking, asset management and stockbroking - grew 8 per cent to $1.03 billion and made up 36 per cent of the group's income in the second quarter. More On This Topic

OCBC Bank Investments

15 Investments

OCBC Bank has made 15 investments. Their latest investment was in AwanTunai as part of their Debt - II on August 8, 2021.

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OCBC Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/27/2021

Debt - II

AwanTunai

$45M

Yes

1

6/23/2021

Line of Credit - VII

Gunvor Group

$830M

No

1

3/9/2020

Loan

Mapletree Treasury

$310M

Yes

1

10/3/2019

Biz Plan Competition

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$99M

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10

10/3/2019

Biz Plan Competition

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$99M

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10

Date

8/27/2021

6/23/2021

3/9/2020

10/3/2019

10/3/2019

Round

Debt - II

Line of Credit - VII

Loan

Biz Plan Competition

Biz Plan Competition

Company

AwanTunai

Gunvor Group

Mapletree Treasury

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Amount

$45M

$830M

$310M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

1

1

10

10

OCBC Bank Portfolio Exits

1 Portfolio Exit

OCBC Bank has 1 portfolio exit. Their latest portfolio exit was Prospeku on August 30, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/30/2021

Spinoff / Spinout

Prospeku

$99M

1

Date

8/30/2021

Exit

Spinoff / Spinout

Companies

Prospeku

Valuation

$99M

Acquirer

Sources

1

OCBC Bank Acquisitions

3 Acquisitions

OCBC Bank acquired 3 companies. Their latest acquisition was HORIZON ASSET MANAGEMENT on February 18, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/18/2021

Other

$99M

Acquired

2

5/11/2017

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$99M

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10

6/5/2014

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$99M

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10

Date

2/18/2021

5/11/2017

6/5/2014

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

2

10

10

OCBC Bank Partners & Customers

10 Partners and customers

OCBC Bank has 10 strategic partners and customers. OCBC Bank recently partnered with MVGX on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/27/2022

Partner

1

4/26/2022

Partner

OCBC partners with MetaVerse Green Exchange to develop green financing solutions

Home '' Publications '' Banking News '' OCBC partners with MetaVerse Green Exchange to develop green financing solutions .

1

4/25/2022

Partner

OCBC partners digital exchange MetaVerse Green Exchange to develop green financial solutions

OCBC Bank announced today -LRB- April 25 -RRB- a strategic partnership with digital exchange MetaVerse Green Exchange to develop green financing solutions .

1

4/11/2022

Partner

Singapore

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10

3/16/2022

Partner

Singapore

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10

Date

5/27/2022

4/26/2022

4/25/2022

4/11/2022

3/16/2022

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Singapore

Singapore

News Snippet

OCBC partners with MetaVerse Green Exchange to develop green financing solutions

Home '' Publications '' Banking News '' OCBC partners with MetaVerse Green Exchange to develop green financing solutions .

OCBC partners digital exchange MetaVerse Green Exchange to develop green financial solutions

OCBC Bank announced today -LRB- April 25 -RRB- a strategic partnership with digital exchange MetaVerse Green Exchange to develop green financing solutions .

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Sources

1

1

1

10

10

OCBC Bank Team

4 Team Members

OCBC Bank has 4 team members, including current Senior Vice President, Sanjiv Talwar.

Name

Work History

Title

Status

Sanjiv Talwar

Senior Vice President

Current

Yew Jin Kang

Chief Technology Officer

Former

Theng Kiat Goh

Chief Marketing Officer

Former

Dennis Tan CFP®

Executive Vice President, Senior Vice President

Former

Name

Sanjiv Talwar

Yew Jin Kang

Theng Kiat Goh

Dennis Tan CFP®

Work History

Title

Senior Vice President

Chief Technology Officer

Chief Marketing Officer

Executive Vice President, Senior Vice President

Status

Current

Former

Former

Former

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