OCBC Q3 2024 results driven by customer growth and net new money inflow: CEO Helen Wong

THE growth OCBC has seen in the third quarter ended September has been customer driven, said CEO Helen Wong, as growth plans and initiatives have paid off for the bank across geographies.

“I feel the growth is very much customer driven, which is good because this will be a longer-term growth for OCBC,” said Wong in an earnings briefing on Friday (Nov 8).

Higher than expected

OCBC’s net profit for the third quarter ended September rose 9 per cent to S$1.97 billion, from S$1.81 billion in the previous corresponding period, beating the S$1.9 billion Bloomberg consensus.