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OCBC not outsourcing bancassurance; it's core part of business: CEO

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Published Mon, Apr 29, 2019 · 09:50 PM

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    Singapore

    OCBC Bank, Singapore's second largest lender, said on Monday that bancassurance remains a core part of its business, when asked if the bank would consider outsourcing it to another partner as its local peers have done.

    Speaking to about 1,500 shareholders at the bank's annual general meeting, chief executive Samuel Tsien replied that the insurance business remains "part and parcel" of the bank's offering in various markets.

    Singapore banksOCBC

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