OCBC Bank To Unify Focusing on Long Term Opportunities

In line with CEO Helen Wong, Singapore's Oversea-Chinese Banking Corporation has focused on "longer term opportunities" in Greater China and Southeast Asia and anticipates that this strategy would generate $2.2 billion in extra revenue by 2025.

The second-largest bank in Southeast Asia declared on Monday that its brand will be unified throughout its key markets in Greater China, which includes Hong Kong and Macao, as well as Southeast Asia. Wong told CNBC that the 10-nation Association of South East Asian Nations bloc and Greater China together will continue to contribute more to global GDP growth if macrotrends were to hold.

"China and ASEAN are growing at a CAGR of 13%, if you look at the trade numbers for the last four years," she continued. Compound annual growth rate, which assumes earnings are reinvested at the end of each year, is a measurement of annualized returns for an investment over time.

Wong claimed in a press statement that "the effects of China's reopening post-pandemic, the rise of ASEAN for the China plus one strategy, and other geopolitical factors" had increased the likelihood of trade flows between the two regions.

Because of this, Wong said she is sure that OCBC would be able to capture growth as it "puts our act together," despite the fact that the OCBC has observed slower economic growth in some nations in the region.