November 21, 2017 7:52 AM ET

Banks

Company Overview of OCBC Wing Hang Bank Limited

Company Overview

OCBC Wing Hang Bank Limited, together with its subsidiaries, provides commercial banking and related financial services. The company offers various retail banking products and services, such as current and savings accounts, fixed deposits, overnight plus deposits, foreign currency deposits, and integrated accounts; home, commercial, and industrial mortgage; personal, car, and other loans products, as well as revolving credit; and credit card products. It also provides cancer, home, maid, medical, travel, motor, life, and homeowner security insurance plans; remittance services; investment services in the areas of securities, currency-linked deposit, unit trusts, foreign exchange margin, and g...

161 Queen’s Road

Central,  

Hong Kong

Founded in 1937

Phone:

852 2852 5111

Fax:

852 2541 0036

Key Executives for OCBC Wing Hang Bank Limited

CEO & Executive Director
Age: 60
Head of Operations Division
Age: 62
Deputy Chief Executive & Executive Director
Age: 65
Assistant General Manager and Head of Financial Management Division
Age: 61
Head of Retail Banking Division and Assistant General Manager
Age: 63
Compensation as of Fiscal Year 2017.

OCBC Wing Hang Bank Limited Key Developments

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

OCBC Wing Hang announced earnings results for the second quarter and first half ended June 30, 2017. For the quarter, the company reported net interest income was HKD 1,023 million against HKD 885 million a year ago. Operating profit was HKD 628 million against HKD 601 million a year ago. Profit before tax was HKD 609 million against HKD 594 million a year ago. Net profit was HKD 494 million against HKD 525 million a year ago. Net profit contribution to group was SGD 74 million against SGD 85 million a year ago. For the first half, the company reported net interest income was HKD 1,995 million against HKD 1,828 million a year ago. Operating profit was HKD 1,202 million against HKD 1,184 million a year ago. Profit before tax was HKD 1,176 million against HKD 1,158 million a year ago. Net profit was HKD 978 million against HKD 1,004 million a year ago. Net profit contribution to group was SGD 147 million against SGD 151 million a year ago.

OCBC Wing Hang Bank Limited Announces Consolidated Earnings Results for the Year of 2016

OCBC Wing Hang Bank Limited announced consolidated earnings results for the year of 2016. For the year, the company reported interest income of HKD 5,853,074,000 against HKD 6,284,733,000 a year ago. Net interest income was HKD 3,695,929,000 against HKD 3,586,249,000 a year ago. Operating income was HKD 5,021,971,000 against HKD 4,747,562,000 a year ago. Profit before taxation was HKD 2,384,537,000 against HKD 2,416,622,000 a year ago. Profit for the year attributable to the equity shareholders of the bank was HKD 2,046,812,000 against HKD 2,027,998,000 a year ago. Return on average assets was 0.86% against 0.87% a year ago.

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

OCBC Wing Hang 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 HKD 1,016 million against HKD 935 million a year ago. Total income was HKD 1,413 million against HKD 1,226 million a year ago. Operating profit was HKD 668 million against HKD 632 million a year ago. Net profit was HKD 594 million against HKD 485 million a year ago. ROE was 7.1% against 7.6% a year ago. For the full year, the company reported net interest income of HKD 3,820 million against HKD 3,774 million a year ago. Total income was HKD 5,140 million against HKD 4,854 million a year ago. Operating profit was HKD 2,441 million against HKD 2,503 million a year ago. Net profit was HKD 2,047 million against HKD 2,028 million a year ago. ROE was 6.9% against 8.2% a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 20, 2017
Hong Kong Life Insurance Limited
\
 

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