OCBC's Q3 profit beats estimates; bank loans under moratorium fall

Singapore

OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.

Across the group, loans under moratorium have come down significantly from the second quarter following the "better-than-expected" exit of Malaysia's debt-relief scheme, said OCBC chief executive officer Samuel Tsien at a media briefing on Thursday.