Overview of OCBC Bank and the Banking Industry in Malaysia

OCBC Bank is a publicly listed financial services organization with its head office in Singapore. It was formed in 1932 through the consolidation of three banks and has assets of more than 224 billion SGD. OCBC Bank's global network has grown to comprise subsidiaries, branches, and representative offices in 18 countries and territories. It has retail banking subsidiaries in Malaysia, Indonesia, Hong Kong, and China. The study is aimed at the banking industry in Malaysia and analyzes the OCBC bank and its financial system. The banking industry in Malaysia saw encouraging growth for total loan applied and loan approved for the 10-month ended October 2017. Starting from 1st January 2018, the new accounting standard – MFRS 9 has kicked into effect which is likely to post a greater impact on the banking sector by increasing the impairment losses provision.