You are here

OCBC misses Q4 expectations as bad debt allowances double

Quarterly profit up 11% at S$791m; allowances for loans jump to S$154m from S$68m

Singapore

WITH a doubled provision for bad debts in the fourth quarter, the latest financial results of Oversea-Chinese Banking Corporation (OCBC) played a similar tune to that of its competitor DBS in signalling caution over souring loans.

This comes even as OCBC - like DBS -

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom