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OCBC posts 22% jump in Q2 earnings

Net profit rise to S$1.08b boosted by strong banking, wealth management and insurance operations

Published Thu, Jul 27, 2017 · 09:50 PM

Singapore

OCBC Bank posted robust Q2 2017 net earnings on Thursday, kicking off the banks' reporting season, yet chief executive Samuel Tsien was not exactly popping champagne.

That's because the Singapore economy is "quite subdued" and "loan demand is not that strong domestically", he said at the bank's results briefing.

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Companies & Markets

Companies & Markets

OCBC posts 22% jump in Q2 earnings

Companies & Markets

Gold holds steady as investors focus on US Fed meeting

Singapore shares open in the red on Tuesday; STI down 0.3%

Huawei’s pivotal role in the US-China tech war, from 5G to chips

CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million

Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million

Binance and CZ’s fortunes are set to grow, jail or no jail

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