OCBC BankSingapore
Created before Nov 2016
Last update: 2019-02-11 15:55:32
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About OCBC Bank

OCBC Bank Singapore is the country's oldest bank that was formed through the merger of three local banks in 1932. It is currently Singapore's second largest banking group by assets. The bank operates in 15 countries in a variety of financial services that include retail banking, private banking, insurance, asset management, international trade financing and stockbroking.

Website http://www.ocbc.com/
Headquarters
65 Chulia Street, OCBC Centre
049513
Singapore
CEO/chair Mr Samuel N. Tsien
Group Chief Executive Officer
Supervisor
Monetary Authority of Singapore (MAS)
Annual reports CSR report 2017
Annual report 2017
Ownership
listed on Singapore Stock Exchange (SGX)

OCBC Bank's share holder structure can be viewed here.

Related Dodgy Deals

OCBC Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Nghi Son 2 coal power plant Vietnam profile

energy plants - coal
Debt – project finance
13 April 2018
source: JBIC
link
There are no active projects for OCBC Bank now.

Projects - on record profiles

Batang Coal Power Project Indonesia profile

energy plants - coal
Debt – project finance
USD 152.11 million
June 2016
source: JBIC
Debt – corporate loan
USD 18 million
August 2012
source: Greenpeace 2014 - The true cost of coal

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 77 million
5 May 2013
source: link

Palm Oil Plantations in the Sambas District Indonesia profile

agriculture - palm oil
Uncategorised

Tanjung Jati-B 2 (TJB2) coal power plant Indonesia profile

energy plants - coal
Debt – project finance
USD 1 billion
24 February 2017
Part of a syndicate of commercial banks for a total financing amount of around USD 1.7 billion.
source: link

Companies - active profiles

Golden Agri-Resources (GAR) Singapore profile

agriculture - palm oil
Equity – share owner/manager
2017
OCBC Securities Private LTD 1.99% of GAR's shares
source: GAR Annual Report 2017
link

Golden Veroleum Liberia (GVL) Liberia profile

agriculture - palm oil
Equity – share owner/manager
2017
OCBC Securities Private LTD 1.99% of GAR's shares
source: GAR Annual Report 2017
link

Wilmar International Singapore profile

agriculture - palm oil
Debt – corporate loan
EUR 546 million
2010 - 2014
Total amount of 11 corporate loans provided to Wilmar by OCBC in the period 2010-2014.
source: FoE Europe report (November 2015)
link
There are no active companies for OCBC Bank now.

Companies - on record profiles

Astra Agro Lestari Indonesia profile

agriculture - palm oil
Debt – corporate loan
 138,775 million
31 September 2013
short term loan
source: Annual Report 2013
Debt – corporate loan
INR 609.45 million
31 September 2013
long term loan
source: Annual Report 2013
Debt – corporate loan
Uncategorised
INR 120 million
cash or equivalent

Bumitama Indonesia profile

agriculture - palm oil
Uncategorised
EUR 1.07 million
September 2015
shares/bonds underwriter or manager - Value of bonds it held
source: FoE - The Financing of Bumitama Agri (2015)
Debt – corporate loan
EUR 17.19 million
May 2013
Loan secured through subsidiary Bumitama Gunajaya Agro Group
source: Thomson ONE Banker, Tearsheet 2980397115, consulted on 8 May 2013
Debt – corporate loan
EUR 17.38 
November 2012
source: Thomson ONE Banker, Tearsheet 2910214115, consulted on 12 November 2012

IOI Corporation Malaysia profile

agriculture - palm oil
Debt – corporate loan
through its Malaysian unit

Kencana Group Singapore profile

agriculture - palm oil
Approached, interested
2013
owns 0.42% of the companies share
source: Annual Report 2013

Kuala Lumpur Kepong Malaysia profile

agriculture - palm oil
Uncategorised

OLAM Singapore profile

agriculture - food crops | agriculture - palm oil | forestry - pulp and paper
Uncategorised
22 September 2014
shares/bonds underwriter or manager - holds 0.13% of the shares - on behalf of OCBC securities Singapore and OCBC Nominees Singapore
source: Annual Report 2014

Dodgy Deals map

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News

| |
Type:
Year:
blog
external news
our news

Singapore banks need to warm up to renewable energy financing

2018-10-09 | The Business Times
blog
external news
our news

Liberian communities harassed after calling on banks to halt $1.5 billion loan to Wilmar over landgrabbing concerns

2018-07-26 | Inclusive Development International
blog
external news
our news

Local NGOs push Singapore banks on coal: Stop using our money to fuel climate change

2018-07-12 | Eco-Business
blog
external news
our news

Global coalition petitions to end fossil power in Vietnam as deadly future looms

2018-02-09 | VnExpress
blog
external news
our news

Open letter calling on DBS, OCBC and UOB to take action on climate change

2018-02-07
blog
external news
our news

Singapore banks DBS, OCBC and UOB funding coal projects despite climate risks: Study

2018-01-20 | The Strait Times
blog
external news
our news

Singaporean banks blowing smoke on climate

2018-01-10 | Melbourne | Market Forces
blog
external news
our news

Singapore has declared 2018 the year of climate action—so why are its banks still funding coal?

2018-01-10 | Eco-business
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
blog
external news
our news

Japanese and Singaporean banks step in to finance Indonesian coal plant in face of opposition from communities and environmentalists

After French banks ditch project, BankTrack, Friends of the Earth Japan and 350.org Japan strongly criticise all banks involved
2017-02-28 | Tokyo, Japan and Nijmegen, Netherlands | BankTrack, Friends of the Earth Japan
blog
external news
our news

BankTrack condemns Japanese and Singapore bank financing of Batang coal project in Indonesia as reckless to people and climate

2016-06-06 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Banks and pension funds continue to bankroll deforestation and land grabs

2015-04-30 | The Guardian
blog
external news
our news

Banks warned over ESG risks of palm oil investments

2015-04-24 | Ethical Performance
blog
external news
our news

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector: Golden Agri-Resources (GAR) bond offering

Joint NGO statement
2015-04-15 | Nijmegen
blog
external news
our news

Banks behind Indonesian palm oil tycoons revealed

HSBC and OCBC lead in bankrolling sector linked to large scale deforestation and tax avoidance
2015-03-10 | Jakarta | TuK Indonesia

Documents

| | | | | | | | | | | |
Type:
Year:
csr policies

Climate change statement

Date listed represents date as accessed on website
2019-02-11 00:00:00 | OCBC Bank
our publications

Coal plant developers: 2018 research analysis

2018-12-05 00:00:00 | BankTrack
annual reports

CSR report 2017

2018-06-30 00:00:00 | OCBC Bank
csr policies

Guidelines on responsible finance

2018-06-01 00:00:00 | Association of Banks in Singapore
annual reports

Annual report 2017

2018-03-31 00:00:00 | OCBC Bank
correspondence

Letter from various civil society organisations to DBS, OCBC and UOB on climate change action

Open letter calling on DBS, OCBC and UOB to take action on climate change
2018-02-07 00:00:00 | various civil society organisations
csr policies

Responsible Financing

2018-02-06 00:00:00 | OCBC Bank
annual reports

Annual Report 2016

2017-07-31 00:00:00 | OCBC Bank
ngo documents

Nordic investments in banks financing Indonesian palm oil

2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
ngo documents

Sime Darby urged to resolve long-standing land rights conflict before stock exchange listing of its plantation division

2017-01-31 00:00:00 | RAN, TuK & Profundo
csr policies

Modern Slavery Act Transparency Statement

2016-12-31 00:00:00 | OCBC Bank
ngo documents

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
company documents

Response to press release by NGOs issued on 15 April 2015

2015-04-16 00:00:00 | GAR
our publications

Golden Agri-Resources (GAR) bond offering

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector
2015-04-15 00:00:00 | Joint NGO statement
ngo documents

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
annual reports

Annual Report 2013

2014-01-01 00:00:00 | OCBC
annual reports

Annual Report 2012

2012-12-31 00:00:00

Links

OCBC Bank Social Responsibility and Sustainability webpage

https://www.ocbc.com/group/who-we-are/sustainability-environment.html

Policies

Voluntary initiatives

OCBC Bank has committed itself to the following voluntary standards:

Investment policies

OCBC Bank's web page on corporate social responsibility can be accessed here.

Year:
csr policies

Climate change statement

Date listed represents date as accessed on website
2019-02-11 00:00:00 | OCBC Bank
csr policies

Guidelines on responsible finance

2018-06-01 00:00:00 | Association of Banks in Singapore
csr policies

Responsible Financing

2018-02-06 00:00:00 | OCBC Bank
csr policies

Modern Slavery Act Transparency Statement

2016-12-31 00:00:00 | OCBC Bank

Good moves

Year: