OCBC Has Enough Capital For M&A, Business Growth, CEO Says [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities The Leaf Blowers Will Not Go Quietly Arizona Elections Signal Robust Immigration Enforcement Under Trump Scoring an Architectural Breakthrough in Denver's RiNo District No Water by Year-End for This Zimbabwean City of 700,000 People “We are well-capitalized,” Wong said Wednesday in an interview with Haslinda Amin on Bloomberg Television. “We have prepared for both organic growth and certain inorganic growth opportunity.” OCBC has funds available for M&A opportunities as well as investing in its businesses from its wealth platform to artificial intelligence, said Wong, who has led the bank since 2021. The lender is also on track to maintain its 50% dividend payout ratio, she added. She said the bank will consider potentially paying more to its shareholders if the bank's capital remains high after funding growth plans. Wong's acquisition strategy underscores how much the business servin
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