In the past 24 months, UOB outperformed OCBC by 15%

[realDonaldTrump]

In the past 24 months, UOB outperformed OCBC by 15% which is rather impressive.

1. OCBC is dragged down by controversial takeover of Wing Hang bank 8 years ago with substantial exposure to China and HK.
2. OCBC's tech support is the weakest among local banks, so much so, that even their local staff are frustrated by their HQ's CECA tech-support.
3. Like DBS, OCBC is no longer interested in organic growth, embarking (costly) acquisition of wealth management businesses, further buoyed by recent capital flight from swiss banks' private-wealth customers.
4. Almost 800 OCBC customers faced the largest online phishing scam in Singapore a year ago, and bank penalized by MAS.
5. Weaker outlook in the margins of their largest non-bank subsidiary, Great Eastern's insurance business.

 

[A Singaporean]

OCBC will do better from 2023 now that they have removed the useless m&d CEO from the Bank of Sickipoora.

 

[congo9]

OCBC not very good.
UOB just grow their business.

 

[realDonaldTrump]

OCBC not very good.
UOB just grow their business.

OCBC has baggage

 

[congo9]

Sell off the baggage which is such a drag onto your business.

 

[laksaboy]

Which bank has a worse CECA infestation? OCBC or UOB? HR department, technical team etc.

 

[syed putra]

You owe bank. That's why.

 

[mojito]

Which bank has a worse CECA infestation? OCBC or UOB? HR department, technical team etc.

All the same lah. Ocbc same like worker party, suffers from outdated name no longer representative of their customers and strongest supporters. Overseas Chinese now refer to overseas PRC, not the sons and daughters of coolies stuck in unequal societies outside main land China. Those from the main land have their own banks here more better than the out own.