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AwardsDecember 4 2006

Singapore

OCBC BankOCBC Bank does not lack ambition: as part of its expansion strategy, last year it increased its stake in leading Singaporean and Malaysian insurance group GEH from 49% to 83%, and launched an offer earlier this year for the remaining shares.
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The deal turned OCBC into a bigger and stronger financial services group, and allowed the bancassurance and wealth management businesses to flourish.

Thanks to GEH’s substantial agency force in Malaysia, OCBC can cross-refer credit cards and housing loans to policyholders, which has significantly boosted the bank’s Malaysian credit card base.

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