OCBC Bank
Oversea-Chinese Banking Corporation, Limited (simplified Chinese: 华侨银行有限公司; traditional Chinese: 華僑銀行有限公司; pinyin: Huáqiáo Yínháng Yǒuxiàn Gōngsī), abbreviated as OCBC (simplified Chinese: 华侨银行; traditional Chinese: 華僑銀行; pinyin: Huáqiáo Yínháng), is a Singaporean multinational banking and financial services corporation headquartered in the OCBC Centre. OCBC was created in 1932 during the Great Depression with the consolidation of three predecessor banks, the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917), and the Oversea-Chinese Bank Limited (incorporated in 1919).
The OCBC Centre, located on the southern bank of the Singapore River houses the corporate headquarters of OCBC Bank. | |
Native name | 華僑銀行 |
|---|---|
| Company type | Public |
| SGX: O39
Straits Times Index component | |
| Industry | Banking |
| Founded | 31 October 1932 |
| Founder |
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| Headquarters | OCBC Centre, Singapore |
Area served | Southeast Asia and Greater China |
Key people | Low Choon Seng (Chairman) Helen Wong (CEO) |
| Products | Financial services |
| Services | Corporate banking, investment banking, private banking, retail banking, treasury management, wealth management, investment management, Asset management |
| Revenue | S$9.7 billion (2019) |
| S$6.33 billion (2019) | |
| Total assets | S$ 521.3 billion (2020) |
| Total equity | S$51.1 billion (2020) |
Number of employees | 29,706 (2018) |
| Subsidiaries | Bank OCBC NISP OCBC Bank (Hong Kong) Bank of Singapore OCBC Al-Amin Great Eastern Life Lion Global Investors OCBC Securities OCBC Sekuritas |
| Capital ratio | Tier 1 15.2% (2020; Basel III Advanced) |
| Rating | Standard & Poor's: AA− Moody's: Aa1 Fitch Ratings: AA- |
| Website | ocbc.com |
OCBC has total assets of S$560 billion at the end of 2022, making it the second largest bank in Southeast Asia by assets. It is also one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA− rating from Standard & Poor's.
OCBC is consistently ranked amongst the top three "safest banks in the world" by the magazine Global Finance. The Asian Banker named OCBC as Singapore's strongest bank for 2018-2019, and the 5th strongest in the Asia–Pacific region. The bank's global network has grown to comprise more than 400 branches and representative offices in 19 countries and regions. These include more than 250 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 70 branches and offices in Hong Kong, China and Macao under OCBC Bank (Hong Kong), OCBC Bank (China) and OCBC Bank (Macau) respectively. OCBC was awarded World's Best Bank (Asia-Pacific) in 2019 by Global Finance Magazine.