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


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 -