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Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC Bank, is a publicly noted financial services organisation with its head office in Singapore. The “Oversea-Chinese” use leads many to think incorrectly that the bank’s name is misspelled, but this is the right conventional spelling. OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 workplaces and branches. OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 branches and workplaces.
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 management of Tan Ean Kiam and Lee Kong Chian. In the subsequent years, the bank broadened its operations and became the largest bank in South East Asia.
POSB Bank (or just referred to as POSB) is a Singaporean bank offering consumer banking services and is the earliest bank in continuous operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering inexpensive banking services to Singaporeans. DBS Bank attempts to continue this tradition by assuring to keep expenses low for fundamental savings accounts, and to exempt kids, full-time trainees below the age of 21 years and full-time National Servicemen from bank charges.
POSB Bank (or just known as POSB) is a Singaporean bank offering customer banking services and is the oldest bank in continuous operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which obtained the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering low-cost banking services to Singaporeans. DBS Bank tries to continue this tradition by promising to keep costs low for fundamental savings accounts, and to exempt children, full-time students listed below the age of 21 years and full-time National Troop from bank charges.
Established on January 1, 1877 as the Post Workplace Cost savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial government to provide banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Savings Bank Ordinance came into result and in 1949, POSB was separated from the other post office savings banks in Malaya, with the bank’s liabilities and assets divided between Singapore and the Federated Malay States. After the separation from 1949 to 1955, total deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Provider Department in the Straits Settlements and was established by the colonial federal government to offer banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees appointed by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a steady development 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 period.
United Overseas Bank Limited (frequently referred to as UOB) is a Singaporean international banking organisation locateded in Singapore, with branches mainly discovered in the majority of 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 owners. The bank is the third biggest bank in South East Asia by total assets