Oversea Chinese Banking Corporation (OCBC) is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre in Marina Bay, Singapore. The OCBC group comprises a family of companies owned by Singapores second-largest bank by assets. It has branches and subsidiaries in 19 countries and territories in Asia Pacific, Europe and North America, with total assets of more than S$316 billion as of 2019.
Oversea Chinese Banking Corporation (OCBC) is a leading global bank with a strong presence in Asia. OCBC offers a wide range of banking and financial services to meet the needs of its customers. It has a strong focus on corporate and investment banking, private banking, and wealth management.
The bank also has a growing retail presence in Singapore, Malaysia, Indonesia, China, and Hong Kong. OCBC has been consistently ranked as one of the world’s top banks by various prestigious publications.
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Who Owns Oversea-Chinese Banking Corporation?
The Oversea-Chinese Banking Corporation (OCBC) is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, in the Central Area of Singapore. It was founded on 12 March 1932 as the Chinese Commercial Bank Ltd., and later renamed to its present name in 1965. The bank has 66 branches and 19 cash deposit machines in Singapore, as well as more than 500 branches and offices across 15 countries and territories worldwide.
The OCBC Group comprises a family of companies owned by holding company OCBC Bank. The group includes subsidiaries such as Great Eastern Holdings Limited, OCBC Wing Hang Bank Limited, United Overseas Insurance Limited (UOI), Far East Hospitality Trust Management Limited, Lion Global Investors Limited, OUE Commercial Real Estate Investment Trust Management Limited (OUE C-REIT), among others.
In 2016, Forbes Global 2000 named OCBC Bank the world’s seventh safest bank from Asia Pacific region and 64th overall.
Is Ocbc a China Bank?
No, OCBC is not a Chinese bank. OCBC is a Singaporean multinational banking and financial services corporation headquartered in Singapore. As of December 2018, OCBC had S$471 billion in assets and was the second largest bank in Southeast Asia by assets.
OCBC has over 700 branches and 65,000 employees across 19 countries and territories in Asia Pacific, Europe and North America. In 2014, OCBC was ranked the world’s strongest bank by Bloomberg Markets magazine.
In China, OCBC has a representative office in Shanghai which was established in 2001.
Is Ocbc in Usa?
There is no OCBC in the United States of America.
Is Ocbc from Singapore?
Yes, OCBC is from Singapore. It is one of the three local banks in Singapore and the second oldest bank in Southeast Asia.
First person linked to Oversea-Chinese Banking Corp phishing scam pleads guilty
Oversea-Chinese Banking Corporation Bank Code
Oversea-Chinese Banking Corporation (OCBC) is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, in the Central Area of Singapore. It was founded on 12 June 1932 by Lee Kong Chian and has been listed on the Singapore Exchange since 1999. The bank’s key markets are Singapore, Malaysia, Indonesia, Greater China, and United Arab Emirates.
The Oversea-Chinese Banking Corporation Limited (the “Bank”) was incorporated on 12 June 1932 inSingapore with the name of The Oversea-China Bank Limited under the Companies Ordinance Cap 32 as a public company limited by shares and granted a banking licence by the Board of Commissioners of Currency, Malaya on 23 August that year to carry out banking business in British Malaya. On 30 November 1993, OCBC Bank Berhad (“OCBC Bank Malaysia”), then known as OCBC Investment Bank Berhad became a wholly owned subsidiary of OCBC Bank following the completion of its merger with Overseas Union Bank Limited (“OUB”).
In 2001, OCBC completed its merger with Keppel Capital Holdings Limited (“Keppel Capital”), which resulted in Keppel Capital becoming a wholly owned subsidiary of OCBC Bank.
The enlarged group had total assets close to S$90 billion or US$60 billion and ranked number four among Southeast Asian banks by market capitalisation at end 2001. In 2003, OCBC took over Hin Leong Credit Pte Ltd (“Hin Leong Credit”) from Lim Oon Kuin & Family. This acquisition enhanced its position as one of three major credit card issuers in Singapore with about 10% market share by cards outstanding.
Conclusion
Oversea Chinese Banking Corporation (OCBC) is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, in Central Business District, Singapore. The bank was founded on 31 December 1932 by Lee Kong Chian with the assistance of Tan Ean Kiam and Wee KhengChiang. It has branches or subsidiaries in 19 countries and territories across Asia-Pacific, Europe and North America.
