OCBC unifies branding, renames Hong Kong and Macau subsidiaries

OCBC Wing Hang has been renamed as OCBC Bank (Hong Kong).

Oversea-Chinese Banking Corp. (OCBC) announced its new unified branding for its main markets in ASEAN-Greater China.

To streamline the brand identity, significant subsidiaries have undergone legal name changes. 

In Hong Kong, OCBC Wing Hang Bank Limited has been renamed OCBC Bank (Hong Kong) Limited, while in Macau, Banco OCBC Weng Hang, S.A. is now known as OCBC Bank (Macau) Limited. 

Pending regulatory clearance, OCBC Wing Hang Bank (China) Limited is expected to adopt the new legal name OCBC Bank Limited in mainland China by the fourth quarter of 2023.

OCBC aims to boost its growth and achieve an additional S$3b ($2.22b) in revenue by 2025, building upon its existing growth trajectory, through a heightened emphasis on the ASEAN-Greater China region.

This initiative reportedly underscores the bank's One Group approach, aiming to leverage its collective strength across the regions.

(S$1.00 = $0.74)