
OCBC Bank Hong Kong sets up team to support entrepreneurs
OCBC Group is aiming to disburse S$5b in loans to entrepreneurs by 2028
OCBC Bank (Hong Kong) has established a new department focusing on lending to serial entrepreneurs in Hong Kong.
Alongside the wider OCBC Group, the bank is also gearing up to launch a financing proposition aimed for entrepreneurs in Hong Kong by end-2025.
OCBC Hong Kong will evaluate an entrepreneur's entire portfolio, including operating experience, track record, and overall strategy.
The entrepreneurs will gain access to an integrated support network with a dedicated group relationship manager and specialists in cash management, corporate advisory, and wealth management, the bank said in a press release.
OCBC Hong Kong said that it also offers sector-specific solutions for entrepreneurs. These include working capital loans, venture loans, cross-border expansion support, sustainable finance, and corporate finance advisory for mergers and acquisitions.
The move is part of OCBC’s goal of lending S$5b by 2028 to the serial entrepreneur segment across Singapore, Hong Kong, Malaysia, and Indonesia.
Since 2019, OCBC has financed 1,800 serial entrepreneurs in Singapore and Malaysia, with S$1.5b disbursed. From 2025 to 2028, OCBC expects to extend an additional S$3.5b in loans.
The new banking initiative showcases our dedication to enabling founders to expand and manage their ventures with ease, said Ruby Yiu, head of emerging business, OCBC Hong Kong.
“To further strengthen our commitment, a new department was established in July, focused on providing tailored support to serial entrepreneurs, enabling them to achieve ongoing success,” Yiu said.
“Through this initiative, we hope to set a new standard in the market and gain widespread recognition for our efforts in fostering entrepreneurial growth,” she added.