OCBC, UOB to give junior employees one-off bonus to help with cost-of-living expenses

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SINGAPORE: For a second year running , Singapore banks OCBC and UOB will give one-off payments to their junior employees to help alleviate cost-of-living pressures, the two banks said on Monday (Dec 23). OCBC announced in a news release on Monday that it would be making the payment in 2025, with a total estimated payout of S$7.5 million (US$5.54 million) helping close to 11,000 employees across OCBC and its subsidiaries, including Bank of Singapore and OCBC Securities. Specifically in Singapore,