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21 Facts About OCBC Bank

1.

Oversea-Chinese Banking Corporation, Limited, often known as OCBC Bank, is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, Singapore.

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2.

OCBC Bank was born out of the Great Depression through the consolidation of three banks in 1932 — the Chinese Commercial Bank Limited, the Ho Hong Bank Limited and the Oversea-Chinese Bank Limited .

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3.

OCBC Bank is consistently ranked amongst the top five "safest banks in the world" by the magazine Global Finance.

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4.

OCBC Bank was awarded World's Best Bank in 2019 by Global Finance Magazine.

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5.

OCBC's branch in Xiamen survived the war and in the 1950s, OCBC was one of only four foreign banks to have branches in China.

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6.

OCBC Bank was criticized for not expanding fast enough to meet the needs of the post-war Chinese business community, especially in the smaller towns of Malaya.

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7.

In 1972, OCBC acquired Four Seas Communications Bank, the oldest surviving Chinese bank in Singapore.

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8.

OCBC Bank had branches in Hong Kong and in Bangkok, where it had become the first Chinese bank there when it opened its branch in 1909.

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9.

In March 2020, OCBC Bank announced its partnership with Xero, a New Zealand-based cloud accounting software, to help clients digitize their operations.

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10.

In July 2020, OCBC Bank launched HealthPass, a healthcare mobile application that aims to connect patients with medical doctors in Singapore via online consultation.

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11.

OCBC Securities Private Limited is a wholly owned subsidiary of OCBC Bank, and is a member of the Singapore Exchange Securities Trading Limited and the Singapore Exchange Derivatives Trading Limited .

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12.

OCBC Bank Securities was established in 1986, and is one of the leading securities and futures brokerage firms in Singapore providing full brokerage services for securities, derivatives and leveraged foreign exchange trading.

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13.

In 2004, OCBC Bank acquired Great Eastern Holdings following a voluntary cash offer.

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14.

On 29 January 2010, OCBC Bank completed its acquisition of ING Asia Private Bank and renamed it Bank of Singapore.

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15.

OCBC renamed the bank that housed finatiQ, Singapore Island Bank to differentiate these two separate businesses to avoid confusion.

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16.

OCBC Bank Al-Amin offers products and services based on the applicable Shariah contract and with the endorsement of the Shariah Advisory Committee.

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17.

OCBC Bank China has 17 branches on the mainland and in Hong Kong.

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18.

In 2007 OCBC Bank established its wholly owned subsidiary with headquarters in Shanghai.

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19.

In March 2014, OCBC Bank offered to pay nearly US$5 Billion for Wing Hang Bank, one of Hong Kong's last family-owned banks.

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20.

On 1 October 2014, Wing Hang Bank was rebranded as OCBC Wing Hang Bank to reflect its integration into the OCBC family.

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21.

In November 1960, OCBC Bank established an investment holding company named as Select Securities Limited.

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