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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

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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.

    OCBC

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