OCBC NISP Acquires HSBC Indonesia's Retail Banking Business
PT Bank OCBC NISP Tbk (NISP) has officially signed an agreement to take over the retail banking and wealth management operations of PT Bank HSBC Indonesia on Monday (4/5/2026). This strategic step includes the transfer of assets and liabilities of the International Wealth and Premier Banking (IWPB) unit, projected to be completed in the first half of 2027.
According to Finansial, the agreement covers the entire retail customer portfolio of HSBC Indonesia, encompassing around 336,000 accounts. The transaction involves various financial instruments, from savings accounts and investments to credit cards and retail loans.
HSBC Indonesia explained that the decision to divest this business unit stems from a strategic review of their Wealth and Premier Banking operations in the country. All customer services are assured to continue normally under HSBC’s management until the integration process is complete.
“This step follows a strategic review of HSBC Indonesia’s IWPB operations, which concluded that the takeover is the best decision for both employees and customers,” the company stated.
Management emphasised that during the transition period, coordination with regulators and OCBC NISP will continue to ensure account holders’ comfort. The full transfer of banking products will only occur after all administrative requirements are met.
“We estimate this process will be completed in the first half of 2027, subject to regulatory approval,” the company said.
In its report to the Indonesia Stock Exchange (BEI), OCBC NISP confirmed that the signing of the asset and liability acquisition agreement has been carried out as scheduled. The acquisition is viewed as a step to strengthen the company’s wealth management business.
“The Company and PT Bank HSBC Indonesia (HSBC Indonesia) have signed an Agreement whereby the Company, subject to the fulfilment of the preliminary conditions as stated in the Agreement, will acquire the assets and liabilities of Wealth and Premier Banking from HSBC Indonesia,” wrote Jefry Tjahjadi, Head of Investor Relations at Bank OCBC NISP.
Financially, the transfer includes Total Assets Under Management (AUM) valued at Rp89.8 trillion. This figure comprises investment products worth Rp58.2 trillion, customer deposits of Rp31.6 trillion, and a small retail loan portfolio of Rp3.6 trillion.
The transaction is expected to provide a positive contribution to OCBC Indonesia’s revenues in the second quarter of 2027 following final completion. The transaction value was determined based on mutual agreement between the seller and buyer, considering the business unit’s future prospects.