OCBC Bank to develop convenient schemes for Singapore businesses in Johor

OCBC Bank chief executive officer Tan Chor Sen

KUALA LUMPUR: OCBC Bank (M) Bhd will be developing forward-looking and convenient schemes to support corporates and SMEs based in Singapore to fulfil their banking needs in Johor.

Among these will be a smoother business account opening process involving a simplified know-you-customer (KYC) screening process and appointed branch officers at all OCBC branches in Johor Bahru.

“The move allows for a more seamless cross-border experience and is aligned to the OCBC Group’s internationalisation strategy centred on the Asean-Greater China region,” chief executive officer Tan Chor Sen said in a statement.

“With the great interest in Malaysia from those involved in sectors such as sustainable energy, electricity trading, electronics, healthcare, financial industries and business-related services, we believe the move to facilitate a more seamless account opening process will be welcomed warmly by the Singapore business community.

“OCBC’s customers in both Malaysia and Singapore can look forward to even more initiatives up ahead to support the cross-border growth of SMEs,” he added.