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Analyst endorses OCBC results

October 28, 2009  

From Leigh Powell

A banking analyst praises OCBC for maintaining asset quality after the bank unveiled its third quarter results. But he is neutral on its acquisition of the Asia private banking business of ING, with the deal viewed as pricey.

A senior banking analyst in Singapore has endorsed OCBC’s third quarter results, but says the jury is still out on its acquisition of ING’s Asian private banking business.

“I think it is a good set of results,” he...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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