Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC Bank, is an openly noted financial services organisation with its head workplace in Singapore. The “Oversea-Chinese” usage leads many to think wrongly that the bank’s name is misspelled, however this is the correct traditional spelling. It is asserted that this is the right spelling, “oversea” rather than “overseas”, which is the proper usage of the word in generic English, sounds uneasy and clumsy to native English speakers. The bank’s global network has grown to make up subsidiaries, branches, and representative offices in 18 nations and areas. It has retail banking subsidiaries in Malaysia, Indonesia, Hong Kong, and China, and branches in China, Hong Kong, Japan, Australia, the UK and US. OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 branches and workplaces.
OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 branches and workplaces.
In 1932, three banks– Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919), merged to form Oversea-Chinese Banking Corporation under the management of Tan Ean Kiam and Lee Kong Chian. In the subsequent years, the bank expanded its operations and ended up being the largest bank in South East Asia.