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OCBC's Q3 profit jumps 12% to record S$1.25b as repricing kicks in

It sold more loans at higher margins, reaping benefits of higher interest rates

Singapore

OCBC Bank has posted a 12 per cent jump in net profit to a record S$1.25 billion as it sold more loans at higher margins.

The bank will continue to enjoy higher margins in the current quarter, and into next year, said Samuel Tsien, OCBC chief executive, on Thursday at its...

sentifi.com

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