The OCBC Group comprises six commercial banks, each located in a key growth market in Asia – Singapore, Malaysia, Indonesia, Mainland China, Hong Kong SAR and Macau SAR. We have one Islamic bank, OCBC Al-Amin. Complementing these is Bank of Singapore, a standalone leading private bank in this region. We own a large part of Great Eastern Holdings, the oldest and most established life insurance group in Singapore and Malaysia as well as one of the largest asset managers in Southeast Asia, Lion Global Investors. The Group also includes securities house OCBC Securities and leasing unit Pac Lease. Not forgetting Bank of Ningbo, a fast-growing commercial bank and domestic systemically important bank in Mainland China in which we have a 20% stake.
Collectively, they give OCBC Group a deep network presence in this region. Our twin-hub wealth proposition is strategically delivered via our capabilities and platforms in Singapore and Hong Kong.
We are therefore well positioned to seize the opportunities presented by the ASEAN-Greater China region. The rise in the wealth, trade and investment flows between ASEAN and Greater China will last way into the future.
Our international network in Europe, Australia and the U.S. has also been progressively expanded to support our corporate customers seeking new markets. This network gives us the presence in global financial centres, vital to what we do.
The OCBC Group of today has been built over decades, growing from strength to strength organically and inorganically to become a much larger financial services group. Capital has been successfully deployed over the years to acquire banking, wealth and insurance businesses in the region. Today, OCBC is the second largest listed company in terms of market capitalisation on the Singapore Stock Exchange.
In 2024, we made another strategically important move – to bring Great Eastern Holdings deeper into the fold. We made a voluntary unconditional general offer for the stake in Great Eastern Holdings that we did not own. By the end of the year, we owned close to 94% of the total shareholding.
Having Great Eastern Holdings as part of OCBC Group ensures full alignment of strategic direction and tighter integration for our agency and bancassurance business compared to a purely commercial bancassurance arrangement. This has enabled us to customise a full suite of investment, insurance and estate planning solutions for customers across their life stages. Great Eastern Holdings has benefited from access to an extensive retail and commercial customer base. In addition, Great Eastern Holdings has the largest agency force in Singapore and Malaysia. Consequently, Great Eastern Holdings has significantly contributed to the Group with profit contributions of between 12% to 20% yearly – or an average of about 15% – over the last decade.
The collective strength of One Group has given us solid structural income generation capabilities across three key business pillars and accelerated growth. On the back of this, we announced on 26 February 2025 a comprehensive approach to return $2.5 billion of capital to shareholders over two years via special dividends and share buybacks.
The distinctive and integrated group franchise that sets OCBC apart from other bank-only players in the region will enable us to continue delivering greater shareholder value well into the future.
Commercial Banking
Our six commercial banking subsidiaries — OCBC Singapore, OCBC Malaysia, OCBC Indonesia, OCBC Hong Kong, OCBC Macau and OCBC China — have more than 330 branches across Greater China and ASEAN. All six subsidiaries work as one team to support individuals and businesses with a full suite of products and services, meeting their needs at each life stage and each development phase.
Asset Management
Lion Global Investors is one of the largest asset managers in Southeast Asia with presence in Singapore and Brunei. By leveraging synergies with the Group's banking and insurance arms, Lion Global Investors provides strong support to both retail and institutional investors with a range of tailored investment solutions. Notably, Lion Global Investors has collaborated with OCBC Securities to launch several first-to-market products, including 4 ETFs in the last 4 years.
Islamic Banking
OCBC Al-Amin has 7 branches in Malaysia, but its products and services are available at all 38 OCBC branches nationwide. These complement OCBC Malaysia's already comprehensive suite of products, which include consumer, corporate, investment, premier and transaction banking, as well as global treasury services.
Private Banking
Bank of Singapore serves high and ultra high net worth individuals and wealthy families in its key markets of Asia, Greater China, the Indian subcontinent and other international markets. Its open-architecture product platform backed by strong research capabilities provides clients with first-class private banking and bespoke wealth planning solutions. It leverages the commercial bank's capabilities to extend a broad array of services across OCBC Group's regional and international network.
Securities Broking
OCBC Securities in Singapore offers a full range of brokerage services. Its equities trading services are integrated with OCBC Singapore's banking app. It has rolled out several innovative products including AI-powered products, for Singapore investors. The brokerage business in Hong Kong SAR is done through OCBC Securities Brokerage (Hong Kong) Limited. In Indonesia, the brokerage business operates under PT OCBC Sekuritas Indonesia.
Leasing
Pac Lease primarily offers hire purchase facilities for capital equipment and machinery. It also offers loans for project development, asset acquisition and working capital as well as trade financing facilities services to SMEs in Malaysia.
Insurance
Great Eastern Holdings, with the largest agency force in Singapore and Malaysia, is a strategic pillar of the Group's wealth management and insurance businesses. It has a more than 16 million-strong customer base and total assets of more than $100 billion.
With Great Eastern Holding's alignment of strategic direction and tight integration with the bank, OCBC Group is able to offer an integrated and comprehensive suite of wealth, health and protection products. Over many years, OCBC has remained among the top two in bancassurance sales in Singapore.
Great Eastern Holdings also contributes significantly to the Group's yearly net profit – about 15% on average over the past ten years.
Banking
Net Profit
S$b
15% CAGR
Customer Loan
S$b
4% CAGR
Wealth Management
Group Wealth Management
Income
S$b
20% CAGR
Group Wealth
Management
AUM
S$b
8% CAGR
Insurance
Great Eastern Holdings' Profit Contribution
S$m
34% CAGR
