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Singapore’s OCBC investing US$192 million in Hong Kong, Macau to support business growth, CEO Helen Wong says

“After these technology and digital developments are completed, our digital banking capability will increase substantially,” group CEO Helen Wong said at a media briefing in Hong Kong on Wednesday. “This will allow our customers to conduct online banking and trading in a quicker and more efficient manner.”

OCBC acquired Hong Kong’s Wing Hang Bank in 2014. Photo: SCMP

As part of the investments, OCBC in March leased 54,800 sq ft in Airside, a mixed-use development by Nan Fung Group in Kai Tak, Hong Kong, for its new office, according to Cushman & Wakefield.

“It is important to upgrade our facilities to attract talent and new customers,” Wong said.

Established in 1932, OCBC is the second-largest bank in Southeast Asia by assets. It uses a twin-hub approach – Singapore and Hong Kong – to run its business in its major markets Singapore, Malaysia, Indonesia, Hong Kong, Macau…

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