JAKARTA - PT Bank OCBC NISP Tbk (NISP) has signed an agreement with\nPT Bank HSBC Indonesia (HSBC Indonesia) to acquire the assets and\nliabilities from its retail banking and wealth management operations in\nIndonesia (International Wealth and Premier Banking\/IWPB Indonesia).<\/p>\n
IWPB Indonesia is built on a global premium financial services\nproposition serving retail and wealth customers, offering comprehensive\nbanking products and services, as well as wealth management tailored to\nneeds. This portfolio includes customer deposits, investment products\nsuch as bonds, mutual funds and insurance, credit cards, and retail\nloans, which will deepen OCBC Indonesia\u2019s wealth management business\nwhile supporting the OCBC Group\u2019s Next Frontier strategy in driving\nFranchise Shift.<\/p>\n
Excluding one-off transaction costs, the transaction is expected to\nhave a positive impact on OCBC Indonesia\u2019s earnings after completion,\nanticipated in the second quarter of 2027.<\/p>\n
The transaction involves the transfer of IWPB HSBC Indonesia\u2019s assets\nand liabilities to OCBC Indonesia. The total assets under management\n(AUM) to be transferred amount to Rp 89.8 trillion, comprising customer\ninvestments in bonds, mutual funds, and insurance worth Rp 58.2 trillion\nand customer deposits of Rp 31.6 trillion. As part of the transaction, a\nportfolio of small retail loans worth Rp 3.6 trillion will also be\ntransferred.<\/p>\n
The total transaction value is determined based on agreed principles\nbetween the buyer and seller, considering various factors including the\nbusiness prospects of IWPB Indonesia and the potential synergies that\ncan be realised by OCBC Indonesia. The transaction value will be\nfinalised and announced upon completion.<\/p>\n
IWPB Indonesia is one of the largest foreign-owned retail banking and\nwealth management platforms in Indonesia and has consistently been\nrecognised as a top-tier wealth manager in the country. IWPB Indonesia\nserves more than 336,000 customers through its 26 branches.<\/p>\n
The customer base of IWPB Indonesia complements OCBC\u2019s in Indonesia,\nopening significant opportunities for the bank\u2014whose shares are held by\nprominent investor Lo Kheng Hong\u2014to expand its wealth management\nbusiness. Upon completion of the transaction, OCBC Indonesia\u2019s AUM is\nexpected to increase by around 25%, driving credit card balance growth\nby more than 150%.<\/p>\n
The transaction will strengthen OCBC Indonesia\u2019s wealth management\ntalent pool with the addition of approximately 1,300 employees. This\nwill further enhance wealth management capabilities in delivering the\nOCBC Group\u2019s whole of wealth proposition, as part of a broader\nintegrated financial services group that includes private banking\nservices under Bank of Singapore and insurance under Great Eastern.<\/p>\n
OCBC Indonesia President Director Parwati Surjaudaja stated that this\nacquisition is a strategic step to strengthen our position in the wealth\nmanagement segment in Indonesia. HSBC Indonesia\u2019s International Wealth\nand Premier Banking has strong capabilities, a solid customer base, and\ndeep expertise in providing comprehensive wealth management\nsolutions.<\/p>\n
\u201cWe are very excited to serve HSBC Indonesia\u2019s International Wealth\nand Premier Banking customers with OCBC Indonesia\u2019s wealth solutions,\ncomplemented by the OCBC Group\u2019s whole of wealth proposition. As an\nintegrated financial services group, OCBC Group combines capabilities\nand deep knowledge from Bank of Singapore and Great Eastern to deliver a\ncomprehensive suite of banking, investment, and insurance products and\nservices,\u201d said Parwati on the company\u2019s official website on Monday\n(4\/5\/2026).<\/p>\n
She added that OCBC Indonesia will work closely with HSBC Indonesia\nto ensure a smooth customer and employee migration process after the\nacquisition is completed. \u201cSupported by a track record of more than 85\nyears in Indonesia, the bank remains committed to maintaining customer\ntrust by ensuring customer funds are always safe in accordance with\napplicable regulations,\u201d she concluded.<\/p>\n
Further information regarding this matter will be announced closer to\nthe transaction completion date. As of 31 March 2026, OCBC serves\ncustomers through 201 office networks in 54 cities in Indonesia.\nAdditionally, customers can transact via 510 OCBC ATMs, around 85,000\nATM networks in Indonesia, and are connected to more than 400 OCBC Group\nATM networks in Singapore and Malaysia.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/strengthening-premium-business-bank-ocbc-nisp-acquires-hsbc-indonesias-retail-and-wealth-assets-1777913619", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }