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3 Quick Facts About OCBC

Ser Jing - Checking in on OCBC's First Quarter Results (pic) Oversea-Chinese Banking Corporation (SGX: O39) is the longest established Singapore bank formed in 1932. Did you know that:

1. OCBC was formed from the merger of three local banks – the Chinese Commercial Bank (founded in 1912), the Ho Hong Bank (founded in 1917) and the Oversea-Chinese Bank (found in 1919).

2. OCBC Bank’s insurance subsidiary, Great Eastern Holdings Limited (SGX: G07), is the largest insurance group, in both our shores and in Malaysia, by assets.

3. For the first half-year of 2013, an interim dividend of 17 Singapore cents per share was declared. The interim dividend payout will amount to approximately $583 million, which is 45% of the OCBC’s core net profit after tax. OCBC went ex-dividend on 12 th August 2013 and the dividends will be credited to shareholders’ accounts on 28 th August 2013.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.