Government-owned Oriental Bank of Commerce is considering opening more offices abroad, Hong Kong in particular, as part of its efforts to strengthen its global presence.

SC Sinha, Executive Director, Overseas said, "The bank is in the process of seeking RBI permission for more overseas offices preferably in Hong Kong."

A full service branch in Hong Kong would provide immense business opportunity to the bank in terms of trade financing to Indian corporate, Sinha added.

Besides Hong Kong, the bank is also considering Africa as a prospective place to set up its branch.

The bank is seeking locations with good business potential.

On 30th March this year, the bank opened its first overseas branch in Dubai. The bank was established in Lahore in 1943.

OBC is expected to recruit over 1,500 staff during the current fiscal at various levels. The bank had recruited around 1,427 personnel last year, Sinha said.

In January this year, an MoU was signed between OBC and Maruti Suzuki to finance its vehicles.