OCBC scales regional SME support with S$25b sustainable finance goal

The company aims to support 12,000 SMEs across Singapore, Malaysia, Hong Kong and Indonesia.

Oversea-Chinese Banking Corp (OCBC) plans to more than double its support for small and medium-sized enterprises (SMEs) through sustainable financing, according to a press release.

Under the initiative, OCBC aims to support 12,000 SMEs across Singapore, Malaysia, Hong Kong and Indonesia by 2028, up from 5,000 SMEs as of end-2025.

It is expected to drive the bank’s SME sustainable finance commitments from nearly S$13b to S$25b over the same period.

The company said SMEs account for over 95% of all enterprises in the region and 70% of the workforce.

OCBC’s commitments will include social loans and dedicated programmes to women entrepreneurs in the four core markets. 

"Our new and ambitious sustainable financing target for SMEs reflects the growing maturity in this space and builds on the strong expansion of our SMEs sustainable financing portfolio in recent years," said Elaine Heng, head of global commercial banking at OCBC.