My first Publication ocbc_ar17_fullreport_english | Page 150

DIRECTORS’ STATEMENT
For the financial year ended 31 December 2017
The directors present this statement to the members of the Bank together with the audited consolidated financial statements of the
Group and the income statement, statement of comprehensive income, balance sheet and statement of changes in equity of the Bank
for the financial year ended 31 December 2017.
In our opinion:
(a) the financial statements set out on pages 159 to 272 are drawn up so as to give a true and fair view of the financial position of the
Group and of the Bank as at 31 December 2017, the financial performance and changes in equity of the Group and of the Bank for
the financial year ended on that date, and cash flows of the Group for the financial year ended on that date, in accordance with
the provisions of the Singapore Companies Act, Chapter 50 (the “Act”) and Singapore Financial Reporting Standards, including
the modification of the requirements of Singapore Financial Reporting Standard 39 Financial Instruments: Recognition and
Measurement in respect of loan loss provisioning by Notice to Banks No. 612 Credit Files, Grading and Provisioning issued by the
Monetary Authority of Singapore; and
(b) at the date of this statement, there are reasonable grounds to believe that the Bank will be able to pay its debts as and when they
fall due.
The Board of Directors has, on the date of this statement, authorised these financial statements for issue.
DIRECTORS
The directors of the Bank in office at the date of this statement are as follows:
Ooi Sang Kuang, Chairman
Samuel N. Tsien, Chief Executive Officer
Christina Hon Kwee Fong (Christina Ong)
Chua Kim Chiu (Appointed on 20 September 2017)
Lai Teck Poh
Lee Tih Shih
Quah Wee Ghee
Pramukti Surjaudaja
Tan Ngiap Joo
Wee Joo Yeow
Ooi Sang Kuang, Lai Teck Poh and Pramukti Surjaudaja will retire by rotation under Article 98 of the Constitution at the forthcoming
annual general meeting of the Bank and, being eligible, will offer themselves for re-election thereat.
Chua Kim Chiu will retire under Article 104 of the Constitution at the forthcoming annual general meeting of the Bank and, being
eligible, will offer himself for re-election thereat.
ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES AND DEBENTURES
Neither at the end of, nor at any time during the financial year, was the Bank a party to any arrangement whose objects are, or one of
whose objects is, to enable the directors of the Bank to acquire benefits by means of the acquisition of shares in, or debentures of, the
Bank or any other body corporate, other than as disclosed in this statement.
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OCBC ANNUAL REPORT 2017