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OCBC's Q3 profit up 12%, outlook positive in line with region's trends

Total non-performing loan ratio remained stable at 1.3% while net interest income grew 12% to S$1.38b

Published Thu, Oct 26, 2017 · 09:50 PM

Singapore

BUSINESS activity and investments are picking up in the region in line with higher growth and this will spill over to Singapore, said OCBC Bank chief executive Samuel Tsien on Thursday.

"Singapore, as we all know is a hub economy," said Mr Tsien, at a media briefing, as he kicked off the local banks' Q3 earnings season. "So, in the event that the regional countries around Singapore have got more economic activities, Singapore's loan demand will increase."

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