It is one of the five largest multinational entities in Singapore in charge of offering financial and banking services. It is one of the banks with the best rating and security in the world. It provides, among some services, corporate, private, investment and retail banking.
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In 1932, the bank was born after the Great Depression through the merger and consolidation of 3 important banks of that time. Those banks were Chinese Commercial Bank Limited (created in 1912), Ho Hong Bank Limited (created in 1917), and Oversea-Chinese Bank Limited (created in 1919). During those years, the economic situation of all people was difficult. For that reason, the bank decided to provide financial solutions to customers for their daily needs.
In the beginning, the bank prospered and overgrew thanks to the mandate of Dato Lee Kong Chian, Tan Sri Tan Chin Tuan, and Lee Choon Seng. In the 1950s, it was already the only bank with branches in various parts of China. Also, it had established a system in which customers could withdraw and deposit money at night. In 1958, a mobile bank was created for all those people who lived in the suburbs, and two years later, they were the first to establish an Asian dollar market.
OCBC Bank innovated and incorporated new products and services, becoming the most significant banking entity in Singapore. In 1872, it bought Four Seas Communications Bank (the oldest bank in Singapore). A few years later, OCBC Bank joins OCBC Finance to create a stronger organization. The bank had grown more and more with the incorporation of new institutions such as Bank of Singapore, Keppel Capital Holdings, and many others. One of the most important acquisitions was Wing Hang Bank.
The swift code is used for international transfers: OCBCSGSG.
Number of Employees
Currently, OCBC Bank has approximately 29,706 employees.
The rating assesses the possible financial risks that a bank would have due to debts.
OCBC Bank has a rating of:
- Moody’s = Aa1.
- S&P = AA-.
- Fitch = AA-.
Aa1 (Moody’s) = It represents high quality and with a little more risk for long-term risks.
AA- (S&P Global) = The entity has excellent quality, is very stable, and with little risk.
AA- (Fitch) = The bank has high security.
Its headquarters are located in OCBC Center, Singapore.
Any additional information can be found on the official website: http://www.ocbc.com
- Consumer banking: The bank offers services and products to clients on trusts, loans, deposits, credit cards, stock trading.
- Business banking: It provides financial products and services to companies and institutions to conduct their business nationally and internationally.
- Investment banking: It provides capital and corporate financing services for all those companies or corporations in Asia linked to the bank.
Transaction Banking: It allows corporations and financial institutions to carry out and receive transactions so that they can better finance their business.
Address: OCBC Centre floor 9, 65 Chulia Street, Singapore 049513.
Phone Number: 1800 363 3333 (Personal Banking), (65) 6363 3333 (Personal Banking from overseas).