Helen Wong, Group CEO of OCBC Bank poses for a portrait during an interview with Reuters in Singapore October 10, 2022.
And while OCBC earned nearly half of its operating profit from Singapore, Greater China was the next-largest contributor, followed by Malaysia.
She added that OCBC benefited from having both a brick-and-mortar and a strong digital footprint.
This has increased attention on OCBC, which has the strongest capital position among Singapore banks.
Sanford Bernstein analysts said in a report in June that OCBC had S$4.8 billion that could be used for acquisitions without the need to raise capital.