OCBC expands in 'key growth market' Indonesia by buying HSBC's retail and wealth business

Upon completion of the transaction in 2027, OCBC Indonesia’s AUM will increase by 25% and the bank's credit card balances will grow by more than 150%.
May 05, 2026

PT Bank OCBC NISP (OCBC Indonesia) has agreed to acquire PT Bank HSBC Indonesia (HSBC Indonesia)’s retail banking and wealth management operations in Indonesia – known as International Wealth and Premier Banking (IWPB Indonesia).

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