Loans growth at OCBC's Chongqing branch triples y-o-y in Nov

Singapore

OCBC said on Friday that loans growth at its Chongqing branch (operated by wholly owned subsidiary OCBC Wing Hang China) has tripled year-on-year in November 2016 as a result of increased business activity.

The bank attributed the latter to the Chongqing Connectivity Initiative (CCI), which was launched in November 2015 to promote cooperation between Singapore and Chongqing on multiple fronts, including financial services.