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 | |
| 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 | ocbc.com |
Oversea-Chinese Banking Corporation Limited (simplified Chinese: 华侨银行有限公司; traditional 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. It operates through subsidiaries in several countries, primarily in the South East Asian region.
OCBC has total assets of S$581 billion at the end of 2023, 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 is consistently ranked amongst the top three "safest banks in the world" by the magazine Global Finance. The Asian Banker named OCBC as Singapore's strongest bank for 2018–2019, and the 5th strongest in the Asia–Pacific region. The bank's global network has grown to comprise more than 400 branches and representative offices in 19 countries and regions. These include 199 office networks in Indonesia under subsidiary Bank OCBC NISP, and over 60 branches and offices in mainland China, Hong Kong and Macau under OCBC China, OCBC Bank (Hong Kong) and OCBC Bank (Macau) respectively. OCBC was awarded World's Best Bank (Asia-Pacific) in 2019 by Global Finance Magazine. It operates on Malaysia as OCBC Bank (Malaysia) Berhad and is one of Malaysia's largest foreign banks.