The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Tsien banks on OCBC’s universal ambitions

The CEO of OCBC wants to show the Asian market that the bank is a force to be reckoned with outside Singapore, across all areas of financial services. A big acquisition in Hong Kong has made the market sit up and take notice.

tsenLArge1-300px-01

 

Samuel Tsien

OCBC

  View more CEOs


 

The rise of the regional banks in Asia Pacific has been one of the biggest trends in this part of the world following the global financial crisis. The weakening of the large international banks and the resulting pullback left regionals such as Singapore’s OCBC with an opportunity to expand and develop, both at home and abroad.

This opportunity has been grabbed with both hands by OCBC bank group CEO, Samuel Tsien, who oversaw a great year for the bank in 2014: it made a large acquisition in the shape of Wing Hang and posted impressive profit figures. 

Euromoney recognised these achievements and gave the bank the best bank in Singapore award for its strategic moves and solid financials.

OCBC boosted its profit before tax to $4.7 billion in 2014, from $3.5 billion the year before, while return on ordinary shareholders equity jumped from 11.6% to 14.8%

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree