OCBC Bank
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 | Financial services |
| Founded | 31 October 1932 |
| Founder |
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| Headquarters | OCBC Centre, Singapore |
Area served | Southeast Asia and Greater China |
Key people |
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| Products | |
| Revenue | SGD$13.5 billion (US$10.07 billion) (2023) |
| SGD$7.02 billion (US$5.24 billion) (2023) | |
| Total assets | SGD$581.4 billion (US$433.88 billion) (2023) |
| Total equity | SGD$55.5 billion (US$41.42 billion) (2023) |
Number of employees | About 33,000 (2023) |
| Capital ratio | Tier 1 15.9% (2023; Basel III Advanced) |
| Rating | Standard & Poor's: AA− Moody's: Aa1 Fitch Ratings: AA- |
| Website | www |
Oversea-Chinese Banking Corporation Limited (Chinese: 華僑銀行有限公司; pinyin: Huáqiáo Yínháng Yǒuxiàn Gōngsī), abbreviated as OCBC, is a Singaporean multinational banking and financial services corporation headquartered at the OCBC Centre. As at end 2024, it had S$625.1 billion in assets, making it the second largest bank in Southeast Asia by assets. Globally it operates over 400 branches and representative offices in 19 countries including Malaysia, Indonesia, mainland China, Hong Kong and Macau under subsidiaries OCBC Bank (Malaysia) Berhad, PT Bank OCBC NISP Tbk, OCBC China Limited, OCBC Bank (Hong Kong) Limited and OCBC Bank (Macau) Limited respectively.
OCBC is one of the world's most highly rated banks, with credit ratings of Aa1 from Moody’s and AA from Standard & Poor's. The Asian Banker named OCBC as Singapore's strongest bank in 2018 and 2024. OCBC was awarded World's Best Bank (Asia-Pacific) in 2019 and was ranked amongst the top three "safest banks in the world" in 2022 by Global Finance magazine.
OCBC’s founding father – the late businessman and philanthropist Lee Kong Chian's family has been the largest shareholder for almost a century, holding a 28% stake in OCBC.