![]() ![]() “Looking ahead, the global economic outlook is expected to be increasingly challenging. Wong added that the company’s portfolio remained resilient and their investments boost franchise growth and productivity, and carry out operational efficiencies for positive results. While subdued customer investment activity impacted wealth fees, we continued to attract net new money inflows into our wealth management franchise,” said Group CEO Helen Wong. ![]() Net interest income grew on higher net interest margin and loan growth was sustained. “We are pleased to have delivered a strong set of quarterly results. READ MORE: OCBC net profit rose 7% to S$2.83b in H1 ![]() The company’s total income rose 23% to around $3.2b. In a statement, OCBC said its net interest income surged 44% YoY to around $2.1b, whilst its non-interest income slightly dipped by 4% to around $1.1b. Oversea-Chinese Banking Corporation (OCBC) posted a 31% year-on-year increase in net profit to S$1.6b in 2022 as it saw a rise in net interest income on the back of improvement in net interest margin and continued loan growth. ![]() The company’s net interest income grew by 44% YoY. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |