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OCBC sees 2% revenue growth hit for 2020 from virus outbreak
It raises dividends on the back of solid Q4 earnings which rose 34% to S$1.24 billion
Published Fri, Feb 21, 2020 · 09:50 PM
Singapore
OCBC Bank is expecting a revenue growth hit of about 2 per cent from earlier projections for FY2020 as a result of the novel coronavirus outbreak, even as it raised dividends on the back of a solid fourth quarter with profits that beat analyst expectations.
In a media briefing on Friday, OCBC chief executive officer Samuel Tsien said that the bank's base case scenario is that Covid-19 will settle down by June.
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