| Keppel TatLee Bank | |
| Fate: | Merged with Oversea-Chinese Banking Corporation |
| Location: | Singapore |
| Key People: | Benedict Kwek (CEO) |
| Services: | Financial services |
| Revenue: | SG$469.456 million (1999)[1] |
| Operating Income: | SG$312.873 million (1999) |
| Net Income: | SG$186.703 million (1999) |
| Assets: | SG$22,406.634 million (1999) |
| Parent: | Keppel Capital Holdings Ltd (since 2001)[2] |
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.[3] [4] It was acquired by Oversea-Chinese Banking Corporation (OCBC) in August 2001 and was integrated into OCBC Bank in 2002.[5]
The bank was formed on 26 December 1998 when Keppel Bank acquired another Singapore financial institution, Tat Lee Bank.[6] Keppel Bank was formed in 1990, when Keppel Corporation acquired the Asia Commercial Bank.[3] [4]
The bank formed a strategic alliance with Allied Irish Banks in 1999, which allowed AIB to take up a 24.9% stake in the bank.[7] In 2001, the bank was privatised and became a subsidiary of Keppel Capital Holdings Ltd (KCH), as part of a restructure of KCH.[2] Its parent company was then acquired by OCBC, operationally and legally integrated with it in 2002.