OCBC eyeing China-Asean flows for growth: CEO

OCBC is banking on a "focused strategy" in growing its business, particularly in the China and Asean region, chief executive Helen Wong said.

The bank has long established a presence in China and is in good stead to gain from increased flows in investments, trade and wealth between Asean and China, she said at OCBC's annual general meeting held virtually on Friday (Apr 22). Wong was responding to a shareholder's question on whether the lender plans to be "more aggressive" in pursuing growth.

"I foresee OCBC becoming a takeover target if it continues to grow so slowly, compared to many other banks," the shareholder had commented.