Impact of tariffs, trade restrictions not fully played out, but no systemic risk yet: OCBC
The bank has been able to navigate the uncertainty ‘quite well’, and still sees growth in sectors such as digital infrastructure: deputy CEO
[SINGAPORE] OCBC is still monitoring the impact of tariffs and trade restrictions, as it likely has not fully filtered through the economy.
But the bank has been able to navigate the uncertainty “quite well”, and still sees growth in certain sectors, said deputy chief executive Tan Teck Long.
Group CEO Helen Wong added that the lender is comfortable with the quality of its portfolio, given that it has not seen any systemic risks.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study