In this series, we will feature one Singapore-listed company each time as a quick guide to important things you should know about it in 60 seconds.
Right now, we have
Oversea-Chinese Banking Corp Limited (SGX: O39), or OCBC for short. In the last instalment, we talked about electronics services provider
Venture Corporation Ltd (SGX: V03).
What’s OCBC’s Business About?
OCBC is one of the three major banks in Singapore; the other two are
DBS Group Holdings Ltd (SGX: D05) and
United Overseas Bank Ltd (SGX: U11).
OCBC was formed in 1932 from the combination of three local banks, becoming the longest established Singapore bank.
OCBC’s main markets are Singapore, Malaysia, Indonesia, and Greater China.
Right now, the bank has over 540 branches and representative offices in 19 countries and regions.
OCBC has five main business segments, and they are:
- Global Consumer/Private Banking
- Global Corporate/Investment Banking
- Global Treasury and Markets
- OCBC Wing Hang
- Insurance
...
