OCBC Acquires HSBC Business, Managed Assets Reach Rp 89.8 Trillion

JAKARTA - PT Bank OCBC NISP Tbk will manage customer assets worth Rp 89.8 trillion after acquiring HSBC Indonesia’s retail and wealth management business. OCBC NISP President Director Parwati Surjaudaja stated that this step is intended to strengthen its position in the wealth management segment. HSBC’s International Wealth and Premier Banking business is valued for its strong customer base. “This acquisition is a strategic step to strengthen our position in Indonesia’s wealth management segment,” she said in a written statement on Monday (4/5/2026). The investment products include bonds, mutual funds, insurance, credit cards, and retail loans. The total managed assets amount to Rp 89.8 trillion, comprising Rp 58.2 trillion in customer investments and Rp 31.6 trillion in deposits. The transaction also includes small retail loans worth Rp 3.6 trillion. OCBC will take over more than 336,000 customers from HSBC Indonesia. These customers were previously served through the International Wealth and Premier Banking platform. “We are very enthusiastic about serving HSBC Indonesia’s International Wealth and Premier Banking customers with OCBC Indonesia’s wealth solutions, complemented by the whole-of-wealth proposition from the OCBC Group,” Parwati said. Upon completion, the transaction is projected to increase revenue. Managed assets are expected to rise by around 25%. Credit card balances are projected to grow by more than 150%. OCBC will also add approximately 1,300 employees from HSBC Indonesia to support operations. “OCBC Indonesia will work closely with HSBC Indonesia to ensure a smooth customer and employee migration process after the acquisition is completed,” she added.