Singapore’s OCBC lender suffers transient outage, shares attain 1%

The rebranded logo of OCBC.

OCBC

SINGAPORE — Southeast Asia’s fourth major lender OCBC experienced a small outage on Monday that affected its digital and card banking channels.

At 9.43 a.m. Singapore time, the lender mentioned in a Fb publish that it was dealing with “specialized issues impacting our banking channels.”

About an hour afterwards at 10.37 a.m., OCBC declared that card and department products and services were being restored, followed by ATM products and services.

Shares of the Singapore-headquartered lender attained 1.05% in afternoon trade.

In a statement to CNBC, OCBC sought to assure clients there was no security breach.

“We want to guarantee them that their monies remained risk-free and shopper knowledge was secured all over. We are investigating the cause of the technical problem and will present an update as shortly as we can,” an OCBC spokesperson said.

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