My first Publication ocbc_ar17_fullreport_english | Page 9

DEEPENING PRESENCE IN OUR FOUR CORE MARKETS
In our core markets of Singapore, Malaysia, Indonesia and
Greater China, we made significant progress in deepening
our reach and capabilities to deliver sustainable and scalable
business growth that is consistent with our corporate strategy.
In May 2017, we grew our wealth management footprint in
Indonesia with the launch of onshore private banking services
under PT Bank OCBC NISP Tbk. In November 2017, we successfully
completed the acquisition of National Australia Bank’s Private
Wealth business in Singapore and Hong Kong.
We continued to build upon our strong foundation in
Greater China, where we have more than 100 branches and
offices in China, Hong Kong and Macao under OCBC Wing Hang.
We expanded our presence in the Guangdong-Hong Kong-
TOTAL INCOME
(S$ million)
cagr
%
 10
Total Income
+14 %
9,636
Macao Greater Bay Area to facilitate inbound and outbound
business flows between the Greater Bay Area and the rest
of the OCBC network, as well as to support customer activities
within the Greater Bay Area. Following a successful decade of
partnership with our 20%-owned associated company
Bank of Ningbo, we signed another 10-year comprehensive
strategic agreement that will focus on greater collaboration
for our onshore and offshore initiatives.
Outside our core markets, we continued to invest in growing
our business in our network markets. Our private banking
subsidiary, Bank of Singapore, opened a new branch in the
Dubai International Financial Centre to capture the large
potential in the Middle East.
Asean SME Bank
of the Year
7 th consecutive year
Asian Banking & Finance Awards
8,489
6,621
Singapore
Malaysia
Indonesia
Greater China
Other network
markets
Outstanding
Private Bank –
Asia Pacific
Regional Player
Bank of Singapore
Private Banker International Awards
2013
2016
2017
Mr Lee Hsien Loong, the
Prime Minister of Singapore
(far left), and Mr Samuel
Tsien, OCBC Bank Group
CEO (second from left),
officially unveiled the name
of our newly constructed
building in Xiamen, China,
at a ceremony in September
2017. The building is deeply
significant to us, as Xiamen
was the city where we first
established our presence
in China in 1925.
Photo: Lianhe Zaobao ©
Singapore Press Holdings Limited
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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