Keppel TatLee Bank () was a

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

-based financial services organisation formed through a merger of

Keppel Bank Keppel TatLee Bank () was a Singapore-based financial services organisation formed through a merger of Keppel Bank and Tat Lee Bank on 26 December 1998. It was acquired by Oversea-Chinese Banking Corporation (OCBC) in August 2001 and was integrat ...

and

Tat Lee Bank Keppel TatLee Bank () was a Singapore-based financial services organisation formed through a merger of Keppel Bank and Tat Lee Bank on 26 December 1998. It was acquired by Oversea-Chinese Banking Corporation (OCBC) in August 2001 and was integrate ...

on 26 December 1998. It was acquired by

Oversea-Chinese Banking Corporation Oversea-Chinese Banking Corporation, Limited (), often known as OCBC Bank (), is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, Singapore. OCBC Bank was born out of the Great Depression thr ...

(OCBC) in August 2001 and was integrated into OCBC Bank in 2002.

History

The bank was formed on 26 December 1998 when

acquired another Singapore financial institution, Tat Lee Bank. Keppel Bank was formed in 1990, when

Keppel Corporation Keppel Corporation (also known as Keppel Corp) is a Singaporean conglomerate headquartered in Keppel Bay Tower, HarbourFront. The company consists of several affiliated businesses that specialises in offshore & marine, property, infrastructure ...

acquired the Asia Commercial Bank. The bank formed a strategic alliance with

Allied Irish Banks Allied Irish Banks, p.l.c. is one of the so-called Big Four commercial banks in Ireland. AIB offers a full range of personal, business and corporate banking services. The bank also offers a range of general insurance products such as home, trav ...

in 1999, which allowed AIB to take up a 24.9% stake in the bank. In 2001, the bank was privatised and became a subsidiary of Keppel Capital Holdings Ltd (KCH), as part of a restructure of KCH. Its parent company was then acquired by OCBC, operationally and legally integrated with it in 2002.

References

{{reflist 2002 disestablishments in Singapore Banks established in 1998 Banks disestablished in 2002 Defunct banks of Singapore Allied Irish Banks Singaporean brands Singaporean companies established in 1998