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What is Overseas Chinese Banking Corporation mean?
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).
OCBC Bank has assets of more than S$521.3 billion, making it the second largest bank in Southeast Asia by assets after DBS Bank and ahead of United Overseas Bank, which are also headquartered in Singapore. 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 5 safest banks in the world by Global Finance Magazine. 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 Wing Hang Bank. OCBC Bank was awarded World's Best Bank (Asia-Pacific) in 2019 by Global Finance Magazine.
referencePosted on 28 Sep 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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