Financial Services

Staff Reporter

, Singapore

Published:

1 year ago

182 views

Photo from press release. Anna Chang, Head of Middle Market and Services of OCBC, with Adam Piperdy of Unearthed Group and Lionel Lee of Westpoint Transit Pte Ltd

OCBC sets loan target of $5b for serial entrepreneurs

The bank also expanded its coverage to more territories in the region.

OCBC Bank plans to lend $5b to entrepreneurs who own multiple small, early-stage businesses in Singapore, Malaysia, Hong Kong, and Indonesia by 2028.

This includes the $1.5b that has been disbursed to more than 1,800 serial entrepreneurs in Singapore and Malaysia since the bank launched its lending programme in 2019.

The bank also announced that it will expand the loan programme to more territories. It was recently launched in Malaysia in July, following a nine-month pilot.

It will be introduced in Hong Kong by end-2025, and subsequently in Indonesia.

The bank said it sees a sizable potential customer base in this segment, with one in three new businesses incorporated in Singapore belonging to an entrepreneur who has at least one other business.

Under this lending scheme, OCBC reviews the entrepreneur's experience, business track record, and overall business strategy across their group of companies.

Anna Chang, Head of Middle Market and Services at OCBC, said that the bank focused on enabling serial entrepreneurs to build, scale, and exit businesses with confidence and agility.

“Our approach turns the founders’ portfolio of companies into a platform for growth. We are confident this founder-first proposition will resonate strongly across our other core markets,” Chang added.

Follow the link for more news on

OCBC Bank

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia