Seen from another perspective, Greater China, made up of China, Hong Kong, Macau, and Taiwan, had accounted for 6% of OCBC's PBT in FY13 but by FY18, this had risen to 19% share. OCBC's FY18 PBT also surged to $1.04 billion which is five times the value in FY13.
SINGAPORE (Aug 29): Oversea-Chinese Banking Corp has gained significant franchise value across the Greater China region, having successfully integrated the operations of Wing Hang Bank after acquiring it in 2014.
In 2013, OCBC’s Greater China franchise’s AUM was US$9 billion. By 2018, this had surged fourfold to US$36 billion. The 2018 AUM per client is also 2.5 times that in 2013, meaning OCBC has been able to attract new clients with higher net worth.
