Overseas-Chinese Banking Corp Wins Best Banking Performer, Singapore by Business World Magazine

Overseas-Chinese Banking Corp Wins The Best Banking Performer, Singapore 2021 by Business World Magazine

Online PR News – 23-February-2022 – Greater London United Kingdom – OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 470 branches and representative offices in 19 countries and regions. These include over 230 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 70 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.

OCBC Bank (Malaysia) and OCBC Al-Amin

For several decades, OCBC Bank has operated a wholly-owned banking subsidiary, OCBC Bank Malaysia – one of the largest foreign banks by assets, loans, deposits and branch network size in the country.
After being actively involved in offering Islamic banking products and services since 1995, OCBC Bank launched its wholly-owned Islamic banking subsidiary, OCBC Al-Amin Bank Berhad, on 1 December 2008. OCBC Al-Amin offers products and services which are developed based on the applicable Shariah contract and with the endorsement of the Shariah Advisory Committee to meet the requirements of both Muslims and non-Muslims alike. Features such as fixed financing rates and profit sharing have attracted a growing group of loyal customers who wish to draw from the Islamic principles of fairness, caring and accuracy.


In April 2004, we increased our presence in Indonesia by acquiring a 22.5% stake in the former Bank NISP. Today we own a 85% stake in the entity which has been renamed OCBC NISP.
OCBC NISP is among the top 10 private sector national banks in Indonesia by assets, with a distribution network of more than 250 branches and offices across Indonesia.
We acquired an 80% shareholding in stockbroking firm, PT TransAsia Securities, in November 2012, renaming the subsidiary to OCBC Sekuritas a month later. In December 2014, we increased our shareholding in OCBC Sekuritas to 95.1%.
A member of Indonesia Stock Exchange, OCBC Sekuritas is equipped with both a stockbroking license and an underwriter license, enabling it to provide securities trading services, as well as onshore debt and equity financing solutions in Indonesia. With its multiple trading channels ranging from dealer-assisted to mobile and internet trading platforms, customers are able to trade in listed securities in Indonesia Stock Exchange with ease and convenience.
Through OCBC NISP and OCBC Sekuritas, we offer a comprehensive suite of products and services to both individual and corporate clients in Indonesia – from consumer and SME banking, to securities services and debt and equity financing.

OCBC Wing Hang Bank and OCBC Wing Hang Bank (China) Limited

OCBC Wing Hang (formerly Wing Hang Bank) became a wholly-owned subsidiary of OCBC Bank in October 2014. Headquartered in Hong Kong SAR, OCBC Wing Hang together with its subsidiaries and affiliated companies, offers a comprehensive range of commercial banking, share brokerage and insurance products and services. It has a network of over 80 branches and offices in Mainland China, Hong Kong SAR and Macau SAR.
OCBC Wing Hang Bank (China) Limited was established on 18th July 2016 with the merger of OCBC Bank (China) Limited and Wing Hang Bank (China) Limited, as approved by China Banking Regulatory Commission. OCBC Wing Hang Bank (China) Limited is directly owned by OCBC Wing Hang Bank Limited, a wholly owned subsidiary of OCBC Bank based in Singapore.
Headquartered in Shanghai, OCBC Wing Hang China has more than 20 branches and sub-branches across 14 cities in China. With a registered capital of more than RMB5 billion, it has RMB retail banking licenses for branches and sub-branches in Shanghai, Chengdu and the Pearl-River Delta region. It offers a full suite of personal financial products and services including RMB and foreign currency savings accounts and fixed deposits, foreign exchange service, investment products such as structured products, QDII (Qualified Domestic Institutional Investor), medical and accident protection, local unit trust, Internet banking service, debit card, ATM service, and personal loan products.
OCBC Wing Hang China leverages the OCBC group’s international business network to offer a comprehensive suite of business banking products and services including loans, deposits, trade finance, cash management, international settlements, investment, cross-broader RMB settlements, supply chain financing, and Internet banking services. It supports foreign and local corporate customers including financial institutions, offshore customers, and OCBC Bank’s network customers. OCBC Wing Hang China also supports the needs of smaller businesses by offering innovative products including the pure credit financing product, SSME Unsecured Loan.
OCBC Bank established a strategic partnership with the Bank of Ningbo in 2006. Bank of Ningbo is an associated company of OCBC and has a nationwide network comprising more than 380 branches, sub-branches, and offices, covering the cities of Ningbo, Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing, and Lishui.