OCBC stock rises as new securities-financing push puts fee income in focus
OCBC shares rose to S$20.56 in Singapore trading after the bank launched a securities financing unit targeting institutional clients. A filing showed 184,470 treasury shares were used for employee schemes, reducing the total to 10.8 million. The Straits Times Index slipped 0.4% as local banks closed mixed. OCBC will report full-year 2025 earnings on Feb. 25.