Oversea-Chinese Banking Corp Ltd 2016 AR2
The report highlights OCBC Bank's performance and strategic initiatives for the fiscal year 2016. Despite a challenging macroeconomic environment, the bank achieved a net profit after tax of S$3.47 billion and expanded its wealth management franchise through the acquisition of Barclays' wealth and investment management business in Singapore and Hong Kong. OCBC Bank also advanced its digital innovation by launching the open API platform Connect2OCBC and pilot-testing blockchain technology for funds transfers. Furthermore, the bank formalized its Responsible Financing Framework to integrate environmental, social, and governance (ESG) considerations into its credit evaluation processes. In community support, the bank contributed over S$1.14 million in corporate donations and mobilized 7,560 employees who volunteered more than 36,000 hours.
Company: Oversea-Chinese Banking Corp Ltd
Sector: Finance & insurance
Country: Singapore
Year: 2016
Type: AR2
Pages: 236
Back to company
Oversea-Chinese Banking Corp Ltd
Annual Report
The report highlights OCBC Bank's performance and strategic initiatives for the fiscal year 2016. Despite a challenging macroeconomic environment, the bank achieved a net profit after tax of S$3.47 billion and expanded its wealth management franchise through the acquisition of Barclays' wealth and investment management business in Singapore and Hong Kong. OCBC Bank also advanced its digital innovation by launching the open API platform Connect2OCBC and pilot-testing blockchain technology for funds transfers. Furthermore, the bank formalized its Responsible Financing Framework to integrate environmental, social, and governance (ESG) considerations into its credit evaluation processes. In community support, the bank contributed over S$1.14 million in corporate donations and mobilized 7,560 employees who volunteered more than 36,000 hours.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees