November 24, 2014 4:54 PM ET

Banks

Company Overview of OCBC Wing Hang Bank Limited

Company Overview

OCBC Wing Hang Bank Limited, through its subsidiaries, provides commercial banking and related financial services. It offers retail banking services, including gold banking, personal e-banking, deposit, mortgage, credit card, consumer credit, remittance, investment, and general banking services; and insurance services comprising home, maid, medical, travel, motor, life, and homeowner security insurance plans. The company also provides corporate banking services, such as business e-banking, trade finance, factoring, small and medium sized enterprises banking, hire purchase and leasing, remittance, mandatory provident fund, credit card merchant acquiring, and magnetic auto pay; and commercial ...

161 Queen's Road

Central,  

Hong Kong

Founded in 1937

3,409 Employees

Phone:

852 2852 5111

Fax:

852 2541 0036

Key Executives for OCBC Wing Hang Bank Limited

Deputy Chief Executive
Age: 62
Total Annual Compensation: $19.2M
Senior General Manager
Age: 64
Total Annual Compensation: $13.9M
Compensation as of Fiscal Year 2013.

OCBC Wing Hang Bank Limited Key Developments

Wing Hang Bank, Limited has Changed its Name to OCBC Wing Hang Bank Limited

On September 29, 2014, Wing Hang Bank, Limited changed its name to OCBC Wing Hang Bank Limited.

Wing Hang Bank, Limited, Special/Extraordinary Shareholders Meeting, Sep 10, 2014

Wing Hang Bank, Limited, Special/Extraordinary Shareholders Meeting, Sep 10, 2014. Agenda: To approve the change of bank name.

Wing Hang Bank Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014; Not to Recommend Interim Dividend for the Year 2014

Wing Hang Bank Limited announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported net interest income of HKD 1,753,322,000 against HKD 1,600,580,000 a year ago. Operating income was HKD 2,110,744,000 against HKD 2,036,480,000 a year ago. Operating profit was HKD 1,026,361,000 against HKD 984,183,000 a year ago. Profit before taxation was HKD 1,101,231,000 against HKD 1,182,701,000 a year ago. Profit attributable to equity shareholders of the Bank was HKD 932,779,000 or HKD 3.01 per diluted share against HKD 1,007,496,000 or HKD 3.31 per diluted share a year ago. In the first half of 2014, profit attributable to shareholders decreased from the same period last year. The decrease was mainly due to decreases in capital gains on disposals of properties and unrealized losses on subordinated liabilities. The board has not recommended an interim dividend for the year 2014 against HKD 0.46 per ordinary share a year ago.

Recent Private Companies Transactions

Type
Date
Target
Buyback
April 30, 2014
--
Merger/Acquisition
April 1, 2014
--
 

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