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What Investors Should Know About Oversea-Chinese Banking Corp Limited’s Corporate Strategy

Oversea-Chinese Banking Corp Limited (SGX: O39) is one of the three main banks in Singapore. It is also one of Southeast Asia’s largest banks with total assets of S$429.6 billion currently.

If you’re an investor or potential investor in OCBC, you should know how the bank is positioning itself for the future. This is especially important with the rapid changes in the banking industry brought on by the emergence of fintech companies, blockchain technology, and more.

So, what is OCBC’s strategy to tackle the future? Let’s have a quick overview in this article.

What lies ahead

In OCBC’s 2016 annual report, the bank wrote that it intends to deepen its presence in its core markets. This is how OCBC described itself:

“A leading, well-diversified Asian financial services group with a broad geographical footprint in North and Southeast Asia. A resilient and sustainable business that generates long-term value for shareholders, customers, staff and the community.”

Here’s an example of the position OCBC holds in some of its key geographical markets:


Source: OCBC 2016 annual report

As you can see, going forward, the bank intends to grow by focusing on its core markets – which are Singapore, Indonesia, Malaysia, and Greater China – and building on the strengths it has already amassed in those areas.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned. Motley Fool has a recommendation for United Overseas Bank.