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OCBC targets S$5 billion in loans to serial entrepreneurs by 2028

The initiative, launched in Singapore in 2019, will be introduced in Hong Kong by end-2025 and in Indonesia thereafter

[SINGAPORE] OCBC is aiming to extend an additional S$3.5 billion in loans to serial entrepreneurs in its core markets by 2028.

This builds on the S$1.5 billion in financing already extended to more than 1,800 serial entrepreneurs with over 8,000 businesses across Singapore and Malaysia since 2019, as at end-2024.

The new target brings the total loan quantum under the initiative to S$5 billion by 2028, OCBC said on Monday (Jul 7).

The announcement comes after OCBC expanded its serial entrepreneur lending programme to Malaysia in July, following a nine-month pilot.

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