Published • loading... • Updated
OCBC Q1 profit beats forecasts, sets aside more allowances amid Middle East war
Wealth management fees rose 34% to S$422 million, helping offset lower interest income and lifting non-interest income to a new high.
Summary by Channel News Asia
2 Articles
2 Articles
OCBC Q1 profit beats forecasts, sets aside more allowances amid Middle East war
SINGAPORE: Singapore's Oversea-Chinese Banking Corp (OCBC) on Friday (May 8) flagged heightened macro risks from the war in the Middle East, after posting a 5 per cent rise in first-quarter net profit driven by growth in its wealth business.OCBC, the country's second-largest bank, reported a 5 per cent year-o
·Singapore
Read Full Article
Coverage Details
Total News Sources2
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
