Personal Loans Orchard
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Solutions Department in the Straits Settlements and was set up by the colonial federal government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a constant growth of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same duration.
Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC Bank, is an openly noted financial services organisation with its head workplace in Singapore. Publicly listed, OCBC Bank’s biggest investor is the Lee Group of Companies. OCBC was founded by Lee Kong Chian in 1932, and his kid Lee Seng Wee also worked as chairman. OCBC Bank has properties of more than 224 billion SGD. Based on Bloomberg, in 2011 OCBC is the top of the world’s strongest $100 billion assets banks.
OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 offices and branches.
In 1932, 3 banks– Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919), combined to form Oversea-Chinese Banking Corporation under the leadership of Tan Ean Kiam and Lee Kong Chian. In the subsequent decades, the bank broadened its operations and became the biggest bank in South East Asia.
United Overseas Bank Limited (typically known as UOB) is a Singaporean international banking organisation headquartered in Singapore, with branches primarily discovered in most Southeast Asian nations. Founded in 1935 as United Chinese Bank (UCB) by Sarawak businessman Wee Kheng Chiang, the bank was established together with a group of Chinese-born business people. The bank is the 3rd biggest bank in South East Asia by overall possessions.