OCBC Indonesia Acquires HSBC's Wealth and Premier Banking Business
PT Bank HSBC Indonesia has officially agreed to transfer its International Wealth and Premier Banking (IWPB) business to PT Bank OCBC NISP Tbk (NISP) on Monday, 4 May 2026. This strategic step includes the takeover of accounts, credit cards, and retail loans belonging to around 336,000 customers, as reported by Finansial.
The decision to divest the business unit was made following HSBC’s strategic review of its retail banking operations in Indonesia since July 2025. The transaction process is expected to be fully completed in the first half of 2027.
HSBC management stated that this transfer represents the best option for retail operations, customers, and employees in the country. The company’s focus is now shifting to strengthening its market share in sectors with greater growth opportunities.
“…and that OCBC is in the best position to invest in and develop the business,” HSBC explained.
The bank emphasised that the portfolio transfer is purely part of simplifying the group structure and is not related to the internal team’s performance. HSBC is committed to ensuring a smooth transition for all customers and colleagues during the integration process.
On the other hand, the Corporate and Institutional Banking (CIB) business unit is assured to continue operating normally and is unaffected by this restructuring policy. HSBC reaffirmed its commitment to continue supporting institutional clients through its international network.
“CIB is not affected by this decision and remains important to HSBC’s international network,” the company stated.
For OCBC Indonesia, this acquisition aims to expand its customer base and strengthen the company’s position in the wealth management sector. The addition of this portfolio aligns with the company’s long-term business development strategy.
“We are very excited to serve 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,” said OCBC Indonesia President Director Parwati Surjaudaja.
The total assets under management (AUM) to be transferred amount to Rp89.8 trillion, comprising customer investments of Rp58.2 trillion and deposits of Rp31.6 trillion. Additionally, there is a small retail loan portfolio valued at Rp3.6 trillion included in the agreement.
The final transaction value is determined based on mutually agreed principles between the parties, considering future business synergies. A detailed announcement of the transaction value will be made after the entire completion process is finalised in the second quarter of 2027.