OCBC commits RM11bil, aiming to add RM3bil to boost Johor’s economy

From left: Bank of Singapore CEO Jason Moo, OCBC Bank (M) Bhd CEO Tan Chor Sen, CBC Group CEO Helen Wong, Johor Mentri Besar Datuk Onn Hafiz Ghazi, Great Eastern Group CEO Greg Hingston, Great Eastern Life Assurance (M) Bhd CEO Datuk Koh Yaw Hui and OCBC Al-Amin Bank Bhd CEO Syed Abdull Aziz Syed Kechik.

KUALA LUMPUR: OCBC Group has committed over RM11bil in financing to Johor businesses since early last year, as part of its support for the Johor-Singapore Special Economic Zone (JS-SEZ).

“By the end of 2025, the group expects to provide at least another RM3bil in financing for investments into various sectors including real estate, oil & gas, manufacturing and data centres,” the bank said in a statement.