OCBC Targets Major Expansion in SME Sustainable Financing

Under the initiative, the bank intends to support 12,000 SMEs across Singapore, Malaysia, Hong Kong and Indonesia by 2028, up from 5,000 at the end of 2025. This expansion is expected to increase OCBC’s SME sustainable finance portfolio from around S$13bn to S$25bn over the same period.

The strategy reflects the economic importance of SMEs, which account for more than 95% of businesses in the region and employ roughly 70% of the workforce.

As part of the programme, OCBC will roll out a mix of financing solutions, including social loans and targeted support for women-led businesses across its core markets.

Elaine Heng, Head of Global Commercial Banking at OCBC, said: “Our new and ambitious sustainable financing target for SMEs reflects the growing maturity in this space and builds on the strong expansion of our SMEs sustainable financing portfolio in recent years.”