OCBC inks 10-year collaboration pact with Ningbo associate

Singapore

OCBC Bank has signed a 10-year strategic cooperation agreement with 20 per cent associate Bank of Ningbo to collaborate across a range of business segments.

Most tangibly, OCBC will provide US$5 million as a training grant for Ningbo employees over the next decade as part of an agreement to share knowledge through regular dialogue, training and employee secondment. Ningbo will in turn bear expenses incurred by OCBC employees when they take part in training programmes at Ningbo.