OCBC also aims to intensify its coverage of Hong Kong’s small businesses, targeting to onboard 26,000 new small- and medium-sized enterprises (SMEs) there over the next three years, which will add to its global wholesale banking customer base of 320,000 customers.
Oversea-Chinese Banking Corporation (OCBC) will invest more than $50 million over the next three years to build up transaction banking capabilities in Greater China. As part of a slew of new targets announced on July 3 in its “sharpened Asean-Greater China focus”, OCBC (SGX:O39
) aims to reap $3 billion in total incremental revenue over the next three years until 2025.
To this end, OCBC aims to double its investment banking revenue in three years, and achieve more than 500 regional mandates for cash management over the next five years.
