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OCBC makes additional allowances on its exposure to OSV sector

Bank posts 11% jump in Q1 earnings to S$1.23b

OCBC said its total income rose 15 per cent to a record of S$2.68 billion from S$2.33 billion a year ago.


OCBC Bank's decision to take a bigger cushion on its exposure to the offshore support vessels and services (OSV) sector may signal the end of Singapore banks' forbearance for the beleaguered industry.

The sector must go through a complete overhaul if it is to survive,...

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