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OCBC to support serial entrepreneurs with $5 bil in loans by 2028

Ruth Chai and Douglas Toh
Ruth Chai and Douglas Toh • 4 min read
OCBC to support serial entrepreneurs with $5 bil in loans by 2028
Entrepreneurs Lionel Lee, director of Westpoint Transit and Adam Piperdy, founder of Unearthed Group (left and right), Anna Chang, head of middle market and services, global commercial banking, OCBC (middle). Photo: OCBC
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Oversea-Chinese Banking Corporation (OCBC) has unveiled a $5 billion target to support small- and medium-sized enterprises (SME) within its core markets of Singapore, Malaysia, Hong Kong and Indonesia through loans by 2028.

The financing will be available for what the bank terms “serial entrepreneurs”, that is, business owners who own and operate multiple companies instead of focusing on growing a single venture.

These include various businesses that are diversified in industries, within the same value chain or which have similar service or product offerings.

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