OCBC’S chief executive Helen Wong expressed optimism that wealth flows will continue to drive the bank’s business growth, as the lender on Friday (Nov 10) held its third-quarter earnings briefing.

It also reported that its fee income for the quarter was S$461 million – the highest in the last four quarters, although it was still lower than in 2021. The bank attributed this to higher wealth management, credit card and trade-related fees.

“But I wouldn’t paint too rosy a picture,” said Wong, noting that investors were still on the fence about taking on more wealth-management activities.