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The bank also has 11 branches and 450 employees in Macau, with total assets of HK$32 billion in Macau by the end of 2023. In the Greater Bay Area, the bank has offices in Guangzhou, Foshan, Zhuhai and Shenzhen.
Mr Wong said Hong Kong, Macau and mainland China were key growth regions for OCBC, which made 21 per cent of pre-tax profit last year, compared with 6 per cent when it bought Wing Hang a decade ago. The group made S$8.4 billion ($6.23 billion) in pre-tax profit last year.
Mr Wong said China remained one of OCBC’s fastest growing key markets, with GDP growth in the country strong at 5.3 per cent in the first quarter.
At the same conference, OCBC Bank Hong Kong Branch President and CEO of Greater China, Ke Wang, said that OCBC has increased its investment in transaction banking capabilities in recent years to support its development in Hong Kong, mainland China and Macau.
He said that to achieve its expansion plans, OCBC Bank will recruit 300 new employees in China over the next three years to enhance its technological capabilities and provide more digital services to corporate and individual customers.
Green finance is another growth area the bank is pursuing, providing sustainable financing to large, medium and small businesses.
Mr Wong said OCBC has arranged green loans for several Hong Kong logistics companies and China’s largest wind power company.
This article was originally published on South China Morning Post.
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