Straits Times Index component
|Founded||31 October 1932|
|Headquarters||OCBC Centre, Singapore|
|Southeast Asia and Greater China|
|Low Choon Seng (
Helen Wong ( CEO)
|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) |
Bank OCBC NISP |
OCBC Bank (Hong Kong)
Bank of Singapore
Great Eastern Life
Lion Global Investors
|Capital ratio||Tier 1 15.2% (2020; Basel III Advanced)|
Standard & Poor's: AA-|
Fitch Ratings: AA-
Oversea-Chinese Banking Corporation, Limited ( Chinese: 華僑銀行公司; pinyin: Huáqiáo Yínháng Yǒuxiàn Gōngsī), often known as OCBC Bank ( Chinese: 華僑銀行; pinyin: Huáqiáo Yínháng), is a Singapore multinational banking and financial services corporation headquartered in OCBC Centre, Singapore. OCBC Bank was born out of the Great Depression through the consolidation of three banks in 1932 — 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).
OCBC Bank has assets of more than S$521.3 billion,  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 Bank is consistently ranked amongst the top three "safest banks in the world" by the magazine Global Finance.  The Asian Banker named OCBC Bank Singapore's strongest bank for 2018-2019, and the 5th strongest in Asia-Pacific.  The bank's global network has grown to comprise more than 570 branches and representative offices in 18 countries and regions. These include over 320 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and more than 100 branches and offices in Hong Kong, China and Macao under OCBC Bank (Hong Kong), OCBC Bank (China) and OCBC Bank (Macau) respectively.  OCBC Bank was awarded World's Best Bank (Asia-Pacific) in 2019 by Global Finance Magazine. 
On 31 October 1932, three banks – Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919), merged to form Oversea-Chinese Banking Corporation under the leadership of Hoklos Tan Ean Kiam and Lee Kong Chian. In the subsequent decades, the bank expanded its operations and became the largest bank in South East Asia. 
In 1942 during World War II, all the local banks in Singapore closed briefly during the early days of the Japanese Occupation. By April 1942 most banks, including OCBC, had resumed normal operations. In Indonesia, the Japanese occupation authorities closed OCBC's branches in Sumatra. During the war, the bank moved its head office to Bombay, India and only re-registered back in Singapore after the war ended.  OCBC's branch in Xiamen survived the war and in the 1950s, OCBC was one of only four foreign banks to have branches in China. 
After the war, OCBC re-established its branches in Jambi, Jakarta, and Surabaya. However, the 1963 conflict between Indonesia and Malaysia (which then included Singapore) resulted in the closure of OCBC's branches there. That same year the revolutionary government in Burma nationalized OCBC's two branches there, which became People's Bank No. 14. 
The bank was criticized for not expanding fast enough to meet the needs of the post-war Chinese business community, especially in the smaller towns of Malaya. One of the critics was Tan Sri Khoo Teck Puat, who subsequently resigned to set up Malayan Banking.[ citation needed] By 1970, OCBC's total assets exceeded 1 billion SGD, making OCBC the largest financial institution with the biggest deposit base in Singapore.
In 1972, OCBC acquired Four Seas Communications Bank, the oldest surviving Chinese bank in Singapore. The bank had been founded in 1906 as the Sze Hai Tong Bank and its founders had targeted the Teochew community. 
On 9 May 1989, OCBC took on a new corporate identity by changing its logo and its name to OCBC Bank. 
The next major acquisition occurred in 2001, when OCBC Bank acquired Keppel Capital Holdings and all its subsidiaries, including Keppel TatLee Bank, Keppel Securities, and Keppel TatLee Finance. The next year OCBC operationally and legally integrated Keppel TatLee Bank. In 2003 OCBC merged OCBC Finance into OCBC Bank.
On 25 June 2004, OCBC Bank established a wholly owned subsidiary e2 Power Pte Ltd to provide back-office support and transaction processing services in Singapore. A similar operating company, e2 Power Sdn Bhd was also set up on 21 July 2004 in Malaysia. 
In March 2020, OCBC announced its partnership with Xero, a New Zealand-based cloud accounting software, to help clients digitize their operations. 
In July 2020, OCBC launched HealthPass, a healthcare mobile application that aims to connect patients with medical doctors in Singapore via online consultation. 
The ten largest shareholders as of 8 March 2021  are:
|Name of Shareholders||No. of Shareholdings||%*|
|1.||Citibank Nominees Singapore Pte Ltd||705,234,459||15.76|
|2.||DBS Nominees (Pte) Ltd||481,599,607||10.76|
|3.||Selat (Pte) Ltd||466,981,882||10.43|
|4.||DBSN Services Pte Ltd||288,391,324||6.44|
|5.||HSBC (Singapore) Nominees Pte Ltd||209,467,354||4.68|
|7.||Singapore Investments Pte Ltd||157,007,526||3.51|
|8.||Lee Rubber Company (Pte) Ltd||141,656,364||3.17|
|9.||Herald Investment (Pte) Ltd||101,975,411||2.28|
|10||Raffles Nominees (Pte) Ltd||79,791,356||1.78|
* Percentage is calculated based on the total number of issued ordinary shares, excluding treasury shares.
OCBC Securities Private Limited is a wholly owned subsidiary of OCBC Bank, and is a member of the Singapore Exchange Securities Trading Limited (SGX-ST) and the Singapore Exchange Derivatives Trading Limited (SGX-DT). It was established in 1986.
In 2004, OCBC acquired Great Eastern Holdings (GEH) following a voluntary cash offer. GEH had $53.1 billion in assets and 3.8 million policyholders as at 30 September 2010. GEH operates two distribution channels – the tied agency force and bancassurance. The company also operates in Malaysia, Indonesia and Brunei. On 19 June 2023, OCBC upped its stake in insurance arm Great Eastern Holdings to 88.4%. 
In September 2005, OCBC Asset Management Limited (the asset management arm of OCBC Bank) and Straits Lion Asset Management Limited (the asset management arm of Great Eastern) merged to form Lion Capital Management. In 2008, Lion Capital Management was renamed as Lion Global Investors. The Brunei Branch of Lion Global Investors also began operations. Lion Global Investors had total assets under management of S$69.9 billion as at 31 March 2023. 
Lion Global Investors Limited is 70% owned by Great Eastern Holdings Limited and 30% owned by Orient Holdings Private Limited, a wholly-owned subsidiary of OCBC Bank. 
Bank of Singapore, (formerly ING Asia Private Bank), is a wholly owned private banking subsidiary of OCBC Bank. With branches in Hong Kong and Dubai and a representative office in Makati City, Bank of Singapore serves high-net-worth individuals and wealthy families of Singapore, Indonesia, Malaysia, Philippines, Mainland China, Hong Kong, Taiwan, the Middle East and Europe, as well as global Non-Resident Indians. OCBC acquired ING Asia Private Bank on 29 January 2010  and renamed it Bank of Singapore. 
On 29 January 2010, OCBC Bank completed its acquisition of ING Asia Private Bank and renamed it Bank of Singapore. Therefore, OCBC renamed the bank that housed finatiQ, Singapore Island Bank to differentiate these two separate businesses to avoid confusion.  As an online-only service provider of OCBC Bank, finatiQ could no longer meet the growing needs of the bank's customers and had ceased business on 30 June 2011. 
In 2004, OCBC Bank acquired a 22.5% stake in PT Bank NISP Tbk ("Bank NISP"), its joint-venture partner in PT OCBC Indonesia since 1996. With the completion of this transaction, Bank NISP became an associate company of OCBC Bank. Bank NISP was ranked the 11th largest Indonesian bank by assets and had a network of 135 branches and offices and, over 3,000 shared ATMs.
In the same year, OCBC Bank purchased an additional 28.5% stake in Bank NISP, raising its shareholding in Bank NISP to 51%. OCBC Bank subsequently raised its stake to 70.62% in 2005. By 2008, it had increased its stake in Bank NISP to 74.73%. In 2008, Bank NISP changed its name to Bank OCBC NISP.
As of 30 September 2010, Bank OCBC NISP had 5,995 employees, total assets of Rp 40.2 trillion, and served customers through a network of 411 offices in 62 cities and 576 ATMs throughout Indonesia. Its customers could also use more than 37,500 ATMs (including ATMs belonging to ATM Bersama, Bank Central Asia, OCBC Bank in Singapore, and BankCard in Malaysia). Subsequently, in November 2010, OCBC Indonesia merged with OCBC NISP. 
OCBC wholly owns OCBC Al-Amin Bank, which offers Islamic banking products and services in Malaysia. OCBC had offered Islamic banking products and services since 1995. Finally, on 1 December 2008 OCBC launched OCBC Al-Amin Bank Berhad. OCBC Al-Amin offers products and services based on the applicable Shariah contract and with the endorsement of the Shariah Advisory Committee.
OCBC China has 17 branches on the mainland and in Hong Kong. OCBC's presence in China dates back to 1925 when it opened a branch in Xiamen. In 2007 OCBC established its wholly owned subsidiary with headquarters in Shanghai.
In March 2014, OCBC Bank offered to pay nearly US$5 Billion for Wing Hang Bank, one of Hong Kong's last family-owned banks.  Wing Hang was the eighth-largest lender in Hong Kong. Under the Hong Kong Companies Ordinance, OCBC Bank, with 97.52 percent of Wing Hang's shares, compulsorily acquired Wing Hang on 29 July 2014.
On 1 October 2014, Wing Hang Bank was rebranded as OCBC Wing Hang Bank to reflect its integration into the OCBC family. 
On 3 July 2023, OCBC Wing Hang Bank Limited has further changed its name to "OCBC Bank (Hong Kong) Limited" and in Macau, "Banco OCBC Weng Hang, S.A.", has changed its name to "Banco OCBC (Macau), S.A." "Wing Hang" or "Weng Hang" is no longer in the legal names of both OCBC HK & Macau subsidiaries.
In November 1960, OCBC established an investment holding company named as Select Securities Limited. The company is based in Hong Kong and operated as a wholly-owned subsidiary of OCBC Bank.  Select Securities Limited has been dissolved and ceased to be a subsidiary of OCBC Bank with effect from 22 March 2016. 
In December 2021, nearly 470 customers of OCBC lost a combined S$8.5 million after fallen prey to phishing scams involving OCBC, when scammers took advantage of old short message service (SMS) technology to impersonate the bank to send unsolicited SMSes and dupe victims into handing over their online banking log-in details.  OCBC later announced in January 2022 that it will make "full goodwill payouts" to all victims. 
In June 2023, OCBC was fined S$600,000 by the Monetary Authority of Singapore (MAS) for breaching anti- money laundering and anti- terrorism financing rules, in a matter related to the German payments provider Wirecard scandal between June 2015 and January 2016 relating to accounts maintained by one corporate customer.  OCBC had failed to inquire into the background and purpose of transactions that were not consistent with its knowledge of the customer, or were unusually large and exhibited an unusual pattern that had no apparent economic purpose. The bank also failed to probe into the customer’s ownership and control structure when its declared beneficial owner was not named in its corporate registration documents. 
On 28 August 2023, OCBC's banking services were disrupted by a technical problem at about 8.33am, which affected both consumer and banking customers. The affected services included the bank's internet and mobile banking platforms, the PayNow service, ATMs, cards, and Velocity, the bank's digital business banking platform. All banking services were restored at about 12.20pm.   According to media reports, OCBC shares gained 1.05% in afternoon trading that day. 
On 7 November 2023, the bank's services were affected by "intermittent technical issues" around noontime. The services affected included digital banking services, fund transfer services, PayNow services, and SMS one-time passcode services. According to media reports, some OCBC customers who contacted the bank's customer support were told that the service was fine, and were advised to uninstall and reinstall the app.  The services were restored at about 2.30pm.