OCBC Al-Amin donates to needy children

From third left, Ong, Wong and Aziz with others at the cutting of ribbon to mark the opening of OCBC Al-Amin Sibu branch.

From third left, Ong, Wong and Aziz with others at the cutting of ribbon to mark the opening of OCBC Al-Amin Sibu branch.

SIBU: OCBC Al-Amin Bank Berhad (OCBC Al-Amin) yesterday gave a sum of RM30,000 to three organisations here in conjunction with the official opening of its branch in Sibu.

Rotary Club of Sibu, the Association for Children with Special Needs Sibu and Sibu Chinese Chamber of Commerce and Industry each received RM10,000.

The contributions were meant for the three organisations to carry out activities beneficial to the needy children.

OCBC Al-Amin chief executive officer Syed Abdull Aziz Syed Kechik said this is in line with the bank’s policy of engaging with the community in meeting the social needs of people in areas where it provides banking products and services.

“Community engagement is important to us and we see these contributions as moving us a step closer to reaching out to the local community here. We hope these contributions will go some way toward making Sibu a better place than it already is,” he said.

He was speaking at the official opening of the bank’s Sibu branch by Second Finance Minister and Minister of Local Government and Community Development Dato Sri Wong Soon Koh.

Also present were OCBC Bank (Malaysia) Berhad chief executive officer Ong Eng Bin and OCBC Al-Amin Sibu branch acting senior manager Albee Ling Chun Chyin.

OCBC Al-Amin Sibu branch in Pahlawan Road offers a comprehensive range of OCBC Al-Amin’s Islamic banking products and services for individuals, SMEs and corporates.

It also features safe deposit boxes and a premier banking centre with a comfortable private customer discussion area.

Other services include 24-hour electronic banking services comprising ATMs and cash/cheque deposit machines.

According to Aziz, the bank had set its sights on expanding into East Malaysia since its establishment in 2008 and was pleased to see the plans coming to fruition.

“Expansion into East Malaysia has been a key part of our overall Islamic banking network-building strategy from the start. The move brings us closer to being better represented in our key markets.

“We are proud to highlight also that our Sibu branch houses the very first Islamic Premier Banking Centre in East Malaysia, and only the third nationwide after Kota Kemuning, Shah Alam and Skudai, Johor,” he said.

OCBC Al-Amin has progressively built a stable of 49 products involving 15 key principles of Shariah compliance, ranging from simple deposit and financing offerings to investment banking solutions.

It opened its branch in Sandakan, Sabah in December last year.

OCBC Bank now has five branches in East Malaysia, including the three branches in Kuching, Miri and Kota Kinabalu.

Overall, OCBC has 45 branches – 13 Islamic and 32 conventional.

Between now and Feb 29, the bank is offering special promotions for those opening accounts at its Sibu branch, including preferential Fixed Deposit-i rates above the regular board rates, a gold-plated OCBC junk replica for new Premier Banking customers, and 50 per cent off the first year’s rental of safe deposit boxes for new Premier Banking customers with Assets Under Management of more than RM1 million.

OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912.

It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s.

Recognised for its financial strength and stability, OCBC Bank has been ranked Asean’s strongest bank and among the world’s five strongest banks by Bloomberg Markets for five consecutive years since the ranking’s inception in 2011.

OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services; ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stock broking services.

OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has over 630 branches and representative offices in 18 countries and regions.

These include the more than 330 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and more than 90 branches and offices in Hong Kong, China and Macau under OCBC Wing Hang.

OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which has received increasing industry recognition as Asia’s Global Private Bank, and was voted ‘Outstanding Private Bank in Southeast Asia in 2014’ by Private Banker International.

OCBC Bank’s insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.

OCBC Bank offers Islamic banking products and services in Malaysia through its wholly-owned subsidiary, OCBC Al-Amin Bank Berhad.

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Source: http://miri.my/2016/01/13/ocbc-al-amin-donates-to-needy-children/