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Former OCBC Bank in South Bridge Road, Singapore.. On 31 October 1932, three banks – Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919) – merged and consolidated their strengths to form Oversea-Chinese Banking Corporation under the leadership of Hoklos Tan Ean Kiam (co-founder and managing director of Oversea-Chinese Bank) [15] [16] and Lee Kong Chian, who ...
The Specialists' Shopping Centre was the oldest shopping centre on Orchard Road, a shopping area of Singapore. The largest tenants were Hotel Phoenix Singapore and John Little. The Visitor's Guide of Singapore described it as "revered". [2] It was demolished to make way for newer developments in 2008.
It is the only life insurance company to be listed on the Singapore Exchange (SGX), and the largest insurance company in Southeast Asia in terms of assets and market capitalisation. On 19 June 2023, OCBC Bank upped its stake in insurance subsidiary Great Eastern Holdings to 88.4%. [2]
OCBC Centre is a 197.7 m (649 ft), 52-storey skyscraper in Singapore. Serving as the current headquarters of OCBC Bank , the building was completed in 1976 and was the second-tallest building in the country, and South East Asia , at that time. [ 4 ]
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Oversea-Chinese Banking Corp Ltd (OCBC) plans to set up a wealth management business in China as part of a strategy to double its profit in five years in the country's so-called Greater Bay Area ...
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
Wong noted that OCBC's capital buffer got a further lift this year from a 7% rise in first-half net profit to a record S$2.84 billion ($1.98 billion), adding to last year's robust recovery from ...