SUBSCRIBERS
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
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