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Home/Bank Intelligence/Singapore/OCBC
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OCBC Singapore review

Oversea-Chinese Banking Corporation Limited

Our review of OCBC Singapore for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreSingapore
RegulatorMAS
Legal formLicence holder
GroupOCBC Group
Websiteocbc.com
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PPLI.com
Private Bank Rating
73
out of 100
Editorial assessment on UHNW criteria
Reviewed 2 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
The rating

What the PPLI.com rating of OCBC considers

This is our editorial assessment of OCBC. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of OCBC and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank Rating73

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

202321 June 2023

Composition penalty for AML/CFT breaches identified after the Wirecard irregularities

MAS imposed a S$600,000 composition penalty on OCBC for breaches between June 2015 and January 2016 involving one corporate customer, identified in examinations after the Wirecard AG irregularities. MAS said OCBC failed to inquire into certain transactions and to examine the customer's ownership structure.

MAS has imposed a composition penalty of S$600,000 on OCBC
Monetary Authority of Singapore · Settlement without admission · Penalty SGD 0.6 million · Primary source
202226 May 2022

Supervisory measure: additional capital requirement (1.3x operational risk RWA) for deficiencies in response to December 2021 SMS phishing scams

Supervisory measure, not a penalty. MAS required OCBC to apply a 1.3 times multiplier to its operational risk RWA, about S$330 million of additional regulatory capital, citing gaps in risk mitigation, transaction controls, incident management and complaints handling during the December 2021 phishing scams. MAS said it would review the requirement once the deficiencies were addressed.

OCBC is required to apply a multiplier of 1.3 times to its risk-weighted assets for operational risk.
Monetary Authority of Singapore · Supervisory measure · Additional regulatory capital requirement SGD 330 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameOversea-Chinese Banking Corporation Limited
LEI5493007O3QFXCPOGWK22
LicenceLocal Bank (locally incorporated bank, Singapore); also Exempt Capital Markets Services Entity, Exempt Financial Adviser, SGS Primary Dealer  Source
RegulatorMAS
Legal formLicence holder
OwnerOversea-Chinese Banking Corporation Limited (listed parent of the OCBC Group)

Ownership

Group parentOversea-Chinese Banking Corporation Limited (listed, SGX)  Source
ControlWidely held; no shareholder with 10% or more  Source (25 February 2026)
Holder of 10% or moreSelat (Pte) Limited, 14.44% in Oversea-Chinese Banking Corporation Limited  Source (25 February 2026)
Disclosed holdings of 3% or moreLee Foundation 5.13%  Source (25 February 2026)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
CET1 ratio15.7% transitional; 14.0% fully phased-in (2026-06-30)  Source
Total assetsSGD 729.9 bn (S$729,887 million) (2026-06-30)  Source

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipSGD 1.5 million  Source
US personsNot published
Fee schedulePublished  Source
Third party paymentsPublished  Source
Transfer out termsPublished  Source

Protection of client assets

Deposit protectionFull banks in Singapore, including local banks and qualifying full banks, are members of the SDIC Deposit Insurance Scheme unless exempted by MAS: S$100,000 per depositor per member. Membership taken from the SDIC rule; the named member list is to be checked. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Custody lawNot published
Custody termsPublished  Source
Your experience

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If you bank with OCBC or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to OCBC or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. Monetary Authority of Singapore: mas.gov.sg/regulation/enforcement/enforcement-actions/2023/mas-penalises-3-banks-and-an-in
  2. Monetary Authority of Singapore: mas.gov.sg/news/media-releases/2022/mas-imposes-additional-capital-requirement-on-ocbc-ban

For OCBC

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-SG-OCBC-3BC8D0.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-SG-OCBC-3BC8D0
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