Singapore’s OCBC said it will stay on high alert to monitor liquidity in the midst of persistent macro risks.
OCBC said it will maintain prudent management of its balance sheet amid rising geopolitical tensions and persistent macroeconomic risks.
«This is the period where we definitely pay more attention to liquidity, and also stress testing how we manage that position as well,» said group chief executive Helen Wong during the bank’s annual general meeting on April 25.
Crisis Mode
Moving forward, OCBC intends to maintain some capital buffers, especially to withstand the possibility of a crisis situation.
«In fact, if we go into a crisis, capital would be the new currency. And in a crisis, it will be a tremendous challenge for banks to raise capital and liquidity,» said OCBC chairman Andrew Lee.
According to its last annual report, OCBC recorded nearly S$35 billion ($26 billion) of net cash and placements with the central bank in 2022, which increased from around S$28 billion in 2021.
