OCBC Commits RM11 Billion In Financing With Another RM3 Billion For JS-SEZ
While reiterating the Group's long-term support to JS-SEZ, Group CEO Helen Wong emphasised OCBC's One Group approach, which brings together the collective strengths of OCBC Bank, Great Eastern Holdings (its insurance subsidiary), Bank of Singapore (its private banking arm), and its leasing and wealth management capabilities. This uniquely positions the Group
to support business growth and cross-border collaboration
'Having already committed over RM11 billion in financing to businesses in Johor, we are looking to further catalyse local economic activities and cross-border investments in Johor and the Johor-Singapore Special Economic Zone (JS-SEZ) through at least another RM3 billion in financing by year-end. We are honoured to have this opportunity to explore with the Johor Menteri Besar how we can build on these solid foundations and leverage the full capabilities of the OCBC Group's extensive regional
franchise to contribute to the success of the JS-SEZ. Johor MB Dato' Onn Hafiz, in welcoming the delegation, said 'On behalf of the Johor State Government, I express my deepest
appreciation to the OCBC Group for its strong and unwavering commitment to the JS-SEZ. The Group's commitment of over RM11 billion in financing with at least RM3 billion more by year-end reflects a strong endorsement of Johor's economic direction and investment potential. We welcome this partnership and look forward to working closely with OCBC to unlock Johor's full potential as ASEAN's next economic powerhouse,' he said.
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