August 20, 2017 8:34 PM ET

Banks

Company Overview of OCBC Bank (Malaysia) Berhad

Company Overview

OCBC Bank (Malaysia) Berhad offers banking and related financial services in Malaysia, Singapore, and internationally. The company’s Business Banking segment provides banking, payments, and trade-related services for banking and non-banking financial institutions. Its Consumer Financial Services segment offers various consumer products and services, including savings and fixed deposits; checking and savings accounts; consumer loans, such as housing loans and other personal loans; unit trusts; bancassurance products; structured investments; and credit cards. The company’s Treasury segment provides treasury financial solutions comprising foreign exchange spot and forwards, currency options, an...

Menara OCBC

18 Jalan Tun Perak

Kuala Lumpur,  50050

Malaysia

Phone:

60 3 2034 5034

Fax:

60 3 2698 4363

Key Executives for OCBC Bank (Malaysia) Berhad

Chief Executive Officer
Age: 54
Chief Financial Officer and Senior Vice President
Senior Vice President and Head of Treasury Division
Senior Vice President
Senior Vice President and Head of Consumer Financial Services Division
Compensation as of Fiscal Year 2017.

OCBC Bank (Malaysia) Berhad Key Developments

OCBC Malaysia Announces Earnings Results for the Second Quarter and First Half Ended June 30, 2017

OCBC Malaysia announced earnings results for the second quarter and first half ended June 30, 2017. For the quarter, the company reported net interest income was MYR 345 million against MYR 335 million a year ago. Operating profit was MYR 340 million against MYR 323 million a year ago. Profit before tax was MYR 311 million against MYR 293 million a year ago. Net profit was MYR 234 million against MYR 222 million a year ago. Net profit contribution to group was SGD 73 million against SGD 74 million a year ago. For the first half, the company reported net interest income was MYR 691 million against MYR 666 million a year ago. Operating profit was MYR 669 million against MYR 656 million a year ago. Profit before tax was MYR 612 million against MYR 589 million a year ago. Net profit was MYR 461 million against MYR 446 million a year ago. Net profit contribution to group was SGD 146 million against SGD million a year ago.

OCBC Malaysia Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

OCBC Malaysia announced earnings results for the fourth quarter and full year ended December 31, 2016. For the fourth quarter, the company reported net interest income of MYR 329 million against MYR 338 million a year ago. Total income was MYR 595 million against MYR 641 million a year ago. Operating profit was MYR 333 million against MYR 381 million a year ago. Net profit was MYR 161 million against MYR 223 million a year ago. ROE was 10.1% against 15.0% a year ago. For the full year, the company reported net interest income of MYR 1,309 million against MYR 1,367 million a year ago. Total income was MYR 2,339 million against MYR 2,479 million a year ago. Operating profit was MYR 1,273 million against MYR 1,462 million a year ago. Net profit was MYR 808 million against MYR 883 million a year ago. ROE was 12.9% against 14.6% a year ago.

OCBC Bank Malaysia Opens Two New Branches in East Malaysia

OCBC Bank Malaysia Berhad has announced the opening of OCBC Al-Amin branches in Sibu and Sandakan in East Malaysia, effective December 2015. The Sibu branch, to be located at Jalan Pahlawan, will cover 4,700 square feet while the Sandakan branch at Bandar Indah will occupy almost 4,400 square feet. They will both feature a comprehensive range of OCBC Al-Amin Islamic banking products and services including consumer banking offerings, a business banking centre to serve corporate and SME enterprises, safe deposit boxes, and a premier banking centre (in Sibu). Other services will include 24-hour electronic banking services featuring ATMs and Cash/Cheque Deposit Machines. The addresses for the two branches to be opened in December 2015 are: OCBC Bank Sibu Branch, Tingkat Bawah, Wisma Toh Li Hua Foundation, Jaya Li Hua, 21 Jalan Pahlawan, 96000 Sibu, Sarawak; and OCBC Bank Sandakan Branch, Lot 1, Blok 16, Bandar Indah, Batu 4, Jalan Utara, 90000 Sandakan, Sabah.

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