OCBC Hong Kong aims to increase its wealth income five times in 2026 compared to 2023 levels, the bank announced at a media briefing on May 15, 2026. CEO Wang Ke outlined ambitious growth targets amid signs of strong momentum in the first quarter of 2026 [1, 2, 3].
The bank reported an 18% jump in revenue to HK$2.2 billion during Q1 2026, including contributions from Macau. Operating profit rose 31%, while profit before tax surged 90%, signaling accelerating profitability [4, 2, 3]. Investment income climbed 60% and insurance income increased by 38% year-on-year in the first quarter, further boosting the bank’s earnings [2, 3]. Premier banking customers in Hong Kong and Macau grew 22% year-on-year, with offshore premier clients rising 34% in the same period [2, 3].
To support this growth, OCBC Hong Kong plans to increase its relationship manager (RM) headcount by 30% in 2026, adding between 30 and 50 wealth management RMs. The bank will also open its first Premier Private Client Centre in Central, Hong Kong, dedicated to clients with a minimum of US$1 million in investable funds [4, 2, 3].
Wang Ke expressed confidence in sustaining strong growth despite external uncertainties, saying, "If I look at the full year outlook – with the uncertainty still surrounding us in the external environment – I’m quite confident our topline (will) probably grow in the range of double digits." He also noted the bank's profitability outlook is improving: "With that, I believe our profitability will (also) be much better compared to last year." [4]
The CEO acknowledged the challenge ahead, stating, "(The) bottom line is: we need to take over three of our competitors in order for us to get there," referring to OCBC Hong Kong’s target to rank among the top 10 banks in the city by 2030 based on assets, income, or profits [4].
The expansion in personnel and infrastructure is part of the bank's strategy to capture more high-net-worth clients and increase fee and commission income, which stood at HK$122 million in FY 2025 [1]. The growth trajectory shown in Q1 2026 underlines the bank’s capability to deliver on these aims [4, 2, 3].
OCBC Hong Kong’s next major milestone is to open the Premier Private Client Centre and complete its planned RM hiring within 2026, laying the foundation for its long-term growth objective aimed at 2030 [2, 3].
