Capture rising Asian wealth with our Singapore - Hong Kong hubs and digital propositions

• $25 billion net new money inflows across Bank of Singapore and OCBC wealth management franchise

• More than 60% increase in the number of client advisors to serve offshore clients with investable assets of at least $1 million

Support increasing ASEAN-Greater China trade and investment flows

• Expanded Greater China Business Office coverage beyond Singapore, Malaysia, and Thailand to include Indonesia to better support Greater China corporates investing in ASEAN

• Uplifted Hong Kong hub capability to support ASEAN-Greater China trade and investment flows

Unlock value from New Economy and high-growth industries

• Launched embedded finance proposition through six ecosystem partnerships, enabling SMEs in Singapore, Malaysia and Indonesia to access their financing needs more efficiently

• Launched the global OCBC Sustainability Innovation Challenge with Asia’s leading provider of food solutions and gateway services, SATS, to pilot waste management and reduction solutions

Drive transition to a sustainable low-carbon world

• Joined the Net-Zero Banking Alliance and achieved carbon neutrality for OCBC’s banking operational emissions

• $44 billion in sustainable financing committed by December 2022, on track to achieve target of $50 billion by 2025

Forge a “One Group” integrated customer experience approach

• Increased collaboration across the Group, with 29% rise in cross-border income

• Established Global Wholesale Banking Sustainability Office to accelerate Group-wide decarbonisation efforts for businesses

Invest in accelerating Transformation and Digitalisation

• Achieved over 500,000 hours of productivity improvement through the streamlining of close to 150 processes across the Group

• Completed Phase One of a seven-year digital core roadmap supported by a $250 million investment to accelerate digital transformation

Strengthen our people assets and culture

• Partnered eight reputable Institutes of Higher Learning to roll out 14 new sustainability certification programmes

• Continued to support the reskilling and transformation needs of our people via OCBC Future Smart Programme. A total of 221 programmes were conducted in 2022, of which 66 were newly curated

Build on our capital and risk management strengths

• Achieved strong investment-grade credit ratings of Aa1 by Moody’s and AA- by both Fitch and S&P

• Augmented the bank’s climate scenario analysis methodology to better understand the risks and opportunities associated with climate change