Oversea-Chinese Banking Corporation Limited
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July 1, 2020
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Oversea-Chinese Banking Corporation Limited

Revenue:
SGD 10,871.2 million (2019)
Profit:
SGD 5,022.1 million (2019)
Employees:
30,492 (2019)
GICS Industry Group:
Headquarters:
Singapore
Founded:
30 October 1932
Current CEO:
Samuel N. Tsien (15 Apr 2012–)
Parent:
This is the ultimate parent

Description

Oversea-Chinese Banking Corporation Limited (​OCBC Bank or OCBC) is the oldest Singapore-established bank, formed in 1932 from the merger of three local banks.

OCBC Bank and its subsidiaries offer 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, with Singapore accounting for the majority (60.27%) of total income for the year end 31 December 2019. In 2019, OCBC had close to 50 branches in Singapore, more than 40 branches in Malaysia and more than 280 branches across over 60 cities in Indonesia. In Greater China, OCBC had more than 80 branches - the branches and offices in Hong Kong, China and Macau under OCBC Wing Hang.

OCBC Bank is listed on the Singapore Exchange (SGX) under the code O39.

In Singapore Dollars (SGD)
In Singapore Dollars (SGD)
In Singapore Dollars (SGD)

Operating Segments:

Global Consumer/Private Banking - The Global Consumer/Private Banking segment provides a range of products and services to individual customers. The Global Consumer Banking segment's products and services include deposit products (checking accounts, savings and fixed deposits), consumer loans (housing loans and other personal loans), credit cards, wealth management products (unit trusts, bancassurance products and structured deposits) and brokerage services. The Private Banking segment caters to the specialised banking needs of high net worth individuals, offering wealth management expertise, including investment advice and portfolio management services, estate and trust planning, and wealth structuring. For the year end 31 December 2019, the Global Consumer/Private Banking segment accounted for 34.40% (SGD 3,740 million) of total income.

Global Corporate/Investment Banking - The Global Corporate/Investment Banking segment serves institutional customers ranging from large corporates and the public sector to small and medium enterprises. The products and services offered include long-term loans such as project financing, short-term credit such as overdrafts and trade financing, deposit accounts and fee-based services such as cash management and custodian services. The Investment Banking segment offers financing solutions, syndicated loans and advisory services, corporate finance services for initial public offerings, secondary fund-raising, takeovers and mergers, as well as customised and structured equity-linked financing. For the year end 31 December 2019, the Global Corporate/Investment Banking segment accounted for 33.28% (SGD 3,618 million) of total income.

Insurance - The insurance segment, including its fund management activities, is undertaken by Great Eastern Holdings Limited and its subsidiaries, which provide both life and general insurance products to its customers mainly in Singapore and Malaysia. For the year end 31 December 2019, the insurance segment accounted for 13.52% (SGD 1,470 million) of total income.

OCBC Wing Hang - The OCBC Wing Hang segment offers a range of commercial banking and related financial services such as consumer financing, share brokerage and insurance. For the year end 31 December 2019, the OCBC Wing Hang segment accounted for 10.26% (SGD 1,115 million) of total income.

Global Treasury and Markets - The Global Treasury and Markets segment is responsible for the management of the OCBC Bank’s asset and liability interest rate positions, engages in foreign exchange activities, money market operations, fixed income and derivatives trading, and offers structured treasury products and financial solutions for investment and hedging needs. Income from treasury products and services offered to customers of other business segments, such as Global Consumer/Private Banking and Global Corporate/Investment Banking, is reflected in the respective business segments. For the year end 31 December 2019, the Global Treasury and Markets segment accounted for 7.96% (SGD 865 million) of total income.

Others - The others segment comprise mainly property holding, investment holding and items not attributable to the business segments described above. For the year end 31 December 2019, the others segment accounted for 0.58% (SGD 63 million) of total income.

Mergers and Acquisitions:

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