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 & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
AwardsBest Bank Awards

Singapore's best bank for SMEs 2021: OCBC

OCBC

Christie Chu, OCBC.jpg
Christie Chu, OCBC

For a case study of a bank in Singapore that is able to adapt rapidly to changing customer behaviour, one only need look at OCBC Bank, which once again wins Asiamoney’s award for best bank for SMEs.

Christie Chu, head of emerging business and commercial bank cash at OCBC, admits that 2020 was a tough year as banks across the board had to find innovative ways to prop up their clients and, in turn, their own businesses.

This was particularly important for OCBC, which says that every other SME banks with it in Singapore. The firm works with 130,000 SMEs in Singapore. Naturally, these businesses were a key focus for OCBC during the pandemic.

It focused on three things, all through a digital lens: helping some SMEs to simply survive and ride out the health crisis; helping others to find opportunities for growth, including overseas expansion; and making sure firms have access to banking services during Covid-19.

To help floundering SMEs survive, OCBC made numerous relief measures available such as temporary bridge loans, enhanced working capital loans, trade loans, loan insurance schemes, and payment deferrals on commercial property loans and business loans.

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