OCBC Indonesia to Acquire HSBC Wealth Banking Assets
OCBC Indonesia will acquire HSBC's wealth and premier banking portfolio, adding S$6.6 billion in assets. The transaction is expected to close in early 2027.
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OVERSEA-CHINESE BANKING CORP will acquire HSBC HOLDINGS PLC’s Indonesian wealth and premier banking portfolio for a premium of up to S$480M. The deal adds S$6.6B in assets under management and 336,000 customers to OCBC’s operations in Indonesia. This acquisition increases OCBC’s Indonesian AUM by 25% as Singapore’s second-largest bank expands its footprint in Southeast Asia.
