OCBC’s $5.2 Billion in Excess Capital May Spark Deals, BI Says

darrennerrad

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versea-Chinese Banking Corp.’s high capital levels may give Southeast Asia’s second-largest lender as much as S$7 billion ($5.2 billion) in excess funds that could be used for acquisitions, according to Bloomberg Intelligence analyst Rena Kwok.

Singapore-based OCBC has between S$5 billion and S$7 billion in potential dry power assuming the bank maintains its common equity tier one buffer in the range of 12.5%-13.5%, Kwok said Thursday in a reply to questions from Bloomberg News. She derived the number from the bank’s third-quarter numbers.

https://www.bloomberg.com/news/arti...illion-excess-capital-may-spark-deals-bi-says
 
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