OCBC

OCBC: will apply a network approach to grow its business in Greater China (PRC, HK and Taiwan), by helping customers network their business within these territories, where the bank has a total of 14 main and sub-branches. Mgt notes the signing of the Economic Cooperation Framework Agreement has been a catalyst for development of these markets…

While OCBC has not revealed a target for loans growth in Greater China, mgt recently mentioned that China's loan growth rates are about 30% potentially. In the corporate banking segment, OCBC's earnings from Greater China had more than doubled in the past year. Total Greater China loans, incl consumer loans ytd, grew 64% yoy to >$10b.