OCBC Indonesia Acquires HSBC’s International Wealth and Premier Banking In Indonesia

The acquisition will add 336,000 customers and IDR89.8 trillion AUM to OCBC Indonesia

Jakarta, 4 May 2026 – PT Bank OCBC NISP Tbk (“OCBC Indonesia”), has entered into an agreement with PT Bank HSBC Indonesia (“HSBC Indonesia”) to acquire assets and liabilities of its retail banking and wealth management operations in Indonesia, International Wealth and Premier Banking, (“IWPB Indonesia”). IWPB Indonesia is built around a premium, global financial service proposition serving retail and wealth customers, offering a full suite of banking products and services and tailored wealth management. This portfolio comprising customer deposits, investment products covering bonds, mutual funds and insurance, credit cards and retail loans immediately deepens OCBC Indonesia’s wealth management business, supporting OCBC Group’s Next Frontier Strategy in powering the Franchise Shift.

Excluding one‑off transaction costs, the transaction will be earnings accretive to OCBC Indonesia after completion, which is expected in the second quarter of 2027.

The Transaction
The transaction involves the transfer of IWPB Indonesia’s assets and liabilities to OCBC Indonesia.

The total AUM to be transferred is IDR89.8 trillion. This comprises IDR58.2 trillion of customers’ investments in mutual funds and bonds, as well as insurances, and customer deposits of IDR31.6 trillion. As part of the transaction, a small customer retail loan book of IDR 3.6 trillion will also be transferred.

The Consideration for the transaction (the “Consideration”), was arrived at on a willing‑buyer, willing‑seller basis, taking into account factors including IWPB Indonesia’s business prospects and the potential synergies to be realised by OCBC Indonesia. The Consideration will be finalised and announced after completion.

A Strategic Acquisition to Power Wealth Ambitions
WPB Indonesia is one of the largest foreign-owned retail banking and wealth management platforms in Indonesia and has consistently been recognized as a top-tier wealth manager in Indonesia. It serves over 336,0002 individuals across its 26 branches.

IWPB Indonesia’s customer base is highly complementary to the OCBC Indonesia franchise, giving it considerable scope to grow its wealth business. Upon completion of the transaction, it is expected to increase OCBC Indonesia’s AUM by 25% and grow the credit card balances by more than 150%.

The transaction will enhance OCBC Indonesia’s wealth management talent pool by adding about 1,300 staff . This reinforces its wealth management capabilities to deliver the OCBC Group’s Whole‑of‑Wealth proposition, as part of the larger integrated financial services group which comprises private banking under Bank of Singapore and insurance under Great Eastern.

Well-Fitted into OCBC Group’s Next Frontier Strategy
Parwati Surjaudaja, President Director of OCBC Indonesia said, “This acquisition is a strategic step to strengthen our position in the wealth management segment in Indonesia. HSBC Indonesia’s International Wealth and Premier Banking brings strong capabilities, a solid client base, and deep expertise in delivering comprehensive wealth management solutions.”

“We are very excited to serve HSBC Indonesia’s International Wealth and Premier Banking customers with OCBC Indonesia's wealth solutions, complemented by the Group’s Whole-of-Wealth proposition. As an integrated financial services group, OCBC Group brings together the deep capabilities and knowledge of Bank of Singapore and Great Eastern, to provide a comprehensive suite of banking, investment and insurance products and services.” Parwati added.

Ensuring A Smooth Transition
OCBC Indonesia will work closely with HSBC Indonesia to ensure a smooth customer and employee migration process following the completion of the acquisition. With over 85 years of track record in Indonesia, Bank remains committed to maintaining customer trust by ensuring that the customer funds are safeguarded in accordance with applicable regulations. Further announcements will be made closer to the completion of the Transaction.

About PT Bank OCBC NISP Tbk
PT Bank OCBC NISP Tbk (OCBC) was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. Over its 85 years of journey, the Bank has undergone several name changes, from 'Bank NISP' to 'Bank OCBC NISP', and 'OCBC' on November 14, 2023 As of March 31, 2026, OCBC serves customers through 201 office networks in 54 cities in Indonesia. Furthermore, customers could conduct transaction through the Bank's 510 ATM, about 85,000 ATM networks in Indonesia, and connected to more than 400 OCBC Group ATM networks in Singapore and Malaysia. OCBC also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. For further information about OCBC please visit www.ocbc.id.

Brand & Communication Division, OCBC
OCBC Tower, Jl Prof Dr Satrio Kav 25, Jakarta 12940
Tel: 021- 25533888; Fax: (62)-021-57944000
Email: brand.communication@ocbc.id
Website: www.ocbc.id

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