Oversea-Chinese Banking Corporation
| Oversea-Chinese Banking Corporation Limited | |
|---|---|
| Type | Public |
| Founded | 1932 |
| Location | Singapore |
| Key people | Cheong Choong Kong, Chairman Michael Wong Pakshong, Vice Chairman David Philbrick Conner, CEO |
| Industry | {{{industry}}} |
| Products | Financial Services |
| Revenue | {{{revenue}}} |
| Website | www.ocbc.com.sg |
Oversea-Chinese Banking Corporation Limited (SGX: O04) (Mandarin: 华侨银行), abbreviated as OCBC Bank, was formed in 1932 as a result of a merger of three local banks: the Chinese Commercial Bank Limited (1912), the Ho Hong Bank Limited (1917) and the Oversea-Chinese Bank Limited (1919).
Acquisition of Keppel Tat Lee Bank
(to be expanded)
Events of 2005
- Shareholders of Indonesia's NISP bank have approved the sale of a 28.5 percent of stake to the Overseas-Chinese Banking Corporation Ltd. (OCBC), making the Singapore-based company the majority shareholder.Initially OCBCBank owned 22.5% of NISP Bank which was valued at $73.1 million. After the the buy over, they controlled 51%.OCBCBank, through its subsidiary OCBC Overseas Investment Pte. Ltd. (OOI) — will spend about Rp 992.62 billion (US$107.89 million) for the acquisition of over 1.1 trillion shares at about Rp 842.5 each. It plans to buy another 44% of the Indonesian Bank leaving 5% for the Pramukti Surjaudaja family
External link
Categories: Companies traded on the SGX | Banks of Singapore | Finance corporation stubs