Singapore's second-biggest lender Oversea-Chinese Banking Corp , or OCBC, said on Monday it expects to deliver an additional revenue of 3 billion Singapore dollars, or $2.22 billion, by 2025, after it posted a record first-quarter profit in May.
The bank did not disclose its 2025 total revenue target.
Its total revenue in 2022 was SG$11.68 billion.
OCBC will invest more than SG$50 million over the next three years to build up its transaction banking capabilities in greater China, it said in its statement.
It targets to achieve more than 500 regional mandates for cash management over the next five years, it added.
Persons:
Singapore's, OCBC, Helen Wong
Organizations:
Chinese Banking Corp, ASEAN
Locations:
China, Southeast Asia