Oversea-Chinese Banking Corporation Ltd (OCBC.SI)
28 Oct 2016
* Bad debt charges up almost 11 pct (Adds insurance gains, outlook)
SINGAPORE, Oct 27 Singapore's Oversea-Chinese Banking Corp posted a better-than-expected 5 percent rise in third-quarter profit, helped by gains from its insurance unit and wealth management which offset a rise in provisions for bad debt.
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SINGAPORE, July 28 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, posted a 15 percent drop in quarterly profit due to lower contributions from its insurance arm and a drop in investment income.
(The following statement was released by the rating agency) SINGAPORE, April 29 (Fitch) The fall in Oversea-Chinese Banking Corp's (OCBC; AA-/F1+/Stable) net profit reflects the current challenging operating environment, says Fitch Ratings. Despite this, the bank's healthy loss-absorption buffers and stable funding and liquidity position continue to underpin its strong overall credit profile. OCBC's net profit fell 14% yoy to SGD856m in 1Q16 due to weak investment mark-to-market income, par
SINGAPORE Oversea-Chinese Banking Corp, Singapore's second-biggest lender, warned of sluggish loan growth this year and risks from the offshore marine sector due to weak commodity prices, as it posted its smallest profit in more than a year.
SINGAPORE, April 29 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, posted a worse-than-expected 14 percent drop in quarterly profit due to an increase in bad debt charges and a lower contribution from its insurance unit.