OCBC Wing Hang Bank (OCBC), the earliest local bank in Singapore, was formed in 1932 by the merger of three major Chinese banks, the earliest of which was established in 1912. In terms of asset size, OCBC is currently the second largest financial service group in Southeast Asia and one of the most highly rated banks in the world, with Moody's Aa1 rating. With its widely recognized financial strength and stability, Overseas Chinese Bank has won the honor of "50 safest banks in the world" promulgated by Global Finance magazine for several consecutive years. At the same time, it has won the honor of "best managed banks in Singapore and Asia-Pacific region" in the selection of Asian Bankers magazine.