Oversea-Chinese Banking Corporation (OCBC) renewed its strategic cooperation agreement with China's Bank of Ningbo for another 10 years.
The partnership began in 2006.
It aims to capture growing business, trade, and investment opportunities between ASEAN and Greater China.
OCBC holds a 20% stake in Bank of Ningbo, the maximum allowed for a foreign bank.
The collaboration aims to leverage Bank of Ningbo's domestic network and OCBC's regional presence to facilitate cross-border business.
The extension builds on past success. This includes a reported 50% increase in new-to-bank Chinese companies expanding into ASEAN in 2025.
As part of the agreement, OCBC will continue a US$5 million training grant for talent development and knowledge sharing between the two banks.