OCBC's unit to buy HSBC's Indonesia retail business

Oversea-Chinese Banking

04/05/2026 12:45

May 4 (Reuters) - Oversea-Chinese Banking Corp OCBC.SI said on Monday its Indonesian unit, PT Bank OCBC NISP NISP.JK, has agreed to buy HSBC Holdings' HSBA.L retail banking and wealth management business in the country.

OCBC did not give a final purchase price, saying the consideration would be finalised after completion and include a premium of up to S$480 million  ($376.23 million).

($1 = 1.2758 Singapore dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru and Yantoultra Ngui in Singapore; Editing by Mrigank Dhaniwala)

 ((Yantoultra.Ngui@thomsonreuters.com;))