OCBC Bank (Malaysia) Berhad welcomes the signing of the memorandum of understanding (MOU) for the Johor-Singapore Special Economic Zone (SEZ) by Malaysia and Singapore today and what it holds for the future of economic growth in the region.

In support of this initiative, we are pleased to announce that we will be developing forward-looking and convenient schemes to support corporates and SMEs based in Singapore to fulfil their banking needs in Johor.

Among these will be a smoother business account opening process involving a simplified know-your-customer (KYC) screening process and appointed branch officers at all OCBC branches in Johor Bahru.

The move allows for a more seamless cross-border experience and is aligned to the OCBC Group’s internationalisation strategy centred on the ASEAN-Greater China region.  

With the great interest in Malaysia from those involved in sectors such as sustainable energy, electricity trading, electronics, healthcare, financial industries and business-related services, we believe the move to facilitate a more seamless account opening process will be welcomed warmly by the Singapore business community. OCBC’s customers in both Malaysia and Singapore can look forward to even more initiatives up ahead to support the cross-border growth of SMEs.

Businesses may refer to the Business Banking Enquiry Form at https://www.ocbc.com.my/business-banking/business-banking-enquiry-form or call +603 8317 5200 for personalised assistance.