The Business Times
business-time-50

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

She notes that the bank is seeing the outcome of its investment in people, products and capabilities to serve customers

google-preferred-sourceAdd BT as a preferred source
Chong Xin Wei
Benjamin Cher

Chong Xin Wei &

Benjamin Cher

Published Fri, Nov 8, 2024 · 03:54 PM
    • Growing out deposits in current accounts saving accounts , along with new accounts are key pillars of OCBC's growth plans.
    • Growing out deposits in current accounts saving accounts , along with new accounts are key pillars of OCBC's growth plans. PHOTO: REUTERS

    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.

    OCBC

    TRENDING NOW

    Out of the 18,000 fresh graduates, 9,100 have found employment and 5,400 are outside the labour force, mainly for voluntary reasons.

    1 in 5 fresh graduates from autonomous universities still seeking employment: MOM

    For H1 2026, Seatrium’s net profit jumped 158.3% year on year to S$372.9 million.

    Can Seatrium build on its robust H1 earnings? UOBKH and DBS analysts have divided views

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    UOB group chief financial officer Leong Yung Chee (left) and AllianzGI CEO Tobias Pross at the signing of the strategic distribution partnership.

    UOB to sell asset management arm to Allianz Global Investors for S$555 million, sharpen wealth advisory focus

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More