Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC Bank, is a publicly noted monetary services organisation with its head office in Singapore. Although publicly noted, OCBC Bank’s largest shareholder is the Lee Group of Business. OCBC was founded by Lee Kong Chian in 1932, and his kid Lee Seng Wee also functioned as chairman. OCBC Bank has assets of more than 224 billion SGD. Based on Bloomberg, in 2011 OCBC is the top of the world’s greatest $100 billion possessions banks. OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 offices and branches.
In 1932, 3 banks– Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919), merged to form Oversea-Chinese Banking Corporation under the leadership of Tan Ean Kiam and Lee Kong Chian. In the subsequent years, the bank expanded its operations and became the largest bank in South East Asia.