Growth Capital • Business Services

OCBC Bank Invests In Esteel

On December 8, 2025, OCBC Bank invested in business services company Esteel

Investment Context
  • This is OCBC Bank’s 1st transaction in the Business Services sector.
  • This is OCBC Bank’s 1st transaction in Singapore.

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Investment Summary

Date December 8, 2025
Target Esteel
Sector Business Services
Investor(s) OCBC Bank
Deal Type Growth Capital

Target Company

Esteel

Singapore
Esteel is an investment and industrial holding company dedicated to building a low-carbon, vertically integrated steel ecosystem across Southeast Asia. The company focuses on green steelmaking technologies, resource trading, and industrial park development, aligning with global sustainability trends and regional energy transition goals. Esteel is based in Singapore.
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Investor Overview 1

Investor

OCBC Bank

Singapore, Singapore

Category Company
Founded 1912
Sector Financial Services
Employees33,656
Revenue 14.4B SGD (2024)
DESCRIPTION

OCBC Bank provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services. OCBC Bank was founded in 1912 and is based in Singapore.


Deal Context for Investor #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Growth Capital 1 of 1
Country: Singapore 1 of 1
Year: 2025 1 of 1