Singapore's OCBC bank suffers brief outage, shares gain 1%

SINGAPORE — Southeast Asia’s fourth largest bank OCBC suffered a short outage on Monday that affected its digital and card banking channels.

At 9.43 a.m. Singapore time, the bank said in a Facebook post that it was facing “technical problems impacting our banking channels.”

About an hour later at 10.37 a.m., OCBC announced that card and branch services were restored, followed by ATM services.

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

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

“We want to assure them that their monies remained safe and customer data was secured throughout. We are investigating the cause of the technical problem and will provide an update as soon as we can,” an OCBC spokesperson said.

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