Written by Stephane Dubois
Reviewed by Sandro Pontedra
OCBC Securities General Information
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 470 branches and representative offices in 19 countries and regions. These include over 230 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 70 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
The Oversea-Chinese Banking Corporation Limited or OCBC Bank is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, Raffles Place, 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).
Our three-year refreshed strategy to drive growth and reinforce core strengths
We bank on these four growth priorities to capture regional trade, investments, and wealth flows.
- Capture rising Asian wealth. Through Hong Kong hubs and digital propositions, we aim to deepen wealth management capacities to enhance competitive position.
- Support increasing ASEAN-Greater China trade and investment flows. We seek to Increase our global share of trade & investment flows towards ASEAN & Greater China.
- Unlock value from New Economy and high-growth industries. We want to unlock value via partnerships and high-growth industries.
- Drive transition to a sustainable low-carbon world. We want to capture green opportunities as clients and communities transition to a low-carbon world.
Our purpose
We help individuals and businesses across communities achieve their aspirations by providing innovative financial services that meet their needs.
- Lasting value. We focus on long-term value creation for our shareholders, customers, people and the communities we serve. We adopt prudent risk-taking in all our dealings and investments. Only then can we achieve growth and sustainability for our business.
- Integrity. We hold ourselves to the highest ethical standards and assume that everything we do is in full public view. Fair dealing is the foundation of our business. That way, the trust in us that was built by our predecessors and us will never be eroded.
- Forward-looking. We embrace technological advances, economic conditions and social institutions, progressing with time and the market. Together, we break new ground through our thinking, actions and decisions.
- Respect. We treat all our stakeholders with respect and humility. We care by listening to, understanding and supporting one another, working as one team regardless of differences to achieve our common purpose.
- Responsibility. We are committed to being reliable and fulfilling our promises. Each of us individually takes ownership of doing the right things, giving the right advice and developing the right solutions.
Helping you get what you desire and need
From the bigger things like helping you to grow your investments and expand your businesses, to the smaller – but equally significant – things like responding to customers’ account-related questions accurately and promptly. We make it a point to truly understand the desires and needs of our customers so that our support, advice, solutions, and help can be Simply Spot On.
Being Simply Spot On is the focus of our entire organisation. It is the bedrock of how we focus on creating long-term and sustainable value for all our customers while ensuring your entire experience with us – whether it is at the branch, or over the phone when you call us, or on our mobile banking app – is Simply Spot On.