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OCBC Q3 profit dips 6% to S$1.17b on one-time charge

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OCBC Bank’s net profit slipped 6 per cent to S$1.17 billion for its third quarter ended Sept 30, from S$1.25 billion a year ago after booking a one-off charge at its Indonesian banking unit.

OCBC Bank’s net profit slipped 6 per cent to S$1.17 billion for its third quarter ended Sept 30, from S$1.25 billion a year ago after booking a one-off charge at its Indonesian banking unit.

The one-time charge of S$91 million came from a refinement in the group’s expected credit loss...

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