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OCBC to re-price mortgages for gradual margin lift

Q2 earnings beat forecasts, rising 16 per cent to S$1.21 billion as net interest income rose 8 per cent to S$1.45 billion


OCBC expects to re-price parts of its Singapore mortgage book in the second half of the year, a move that should lift its net interest margin (NIM) gradually. This comes as its expansion in NIM in the second quarter was smaller than its two banking peers.

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