OCBC's Q3 profit beats estimates; bank loans under moratorium fall
Singapore
OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.
Across the group, loans under moratorium have come down significantly from the second quarter following the "better-than-expected" exit of Malaysia's debt-relief scheme, said OCBC chief executive officer Samuel Tsien at a media briefing on Thursday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%
A timeline of DBS’ recent banking glitches