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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

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"I would say that the stress is continuing but the stress has not been increasing. Unfortunately there is no noticeable uptick in chartering rates, and no new capital coming in." - OCBC Bank CEO Samuel Tsien on the oil and gas sector

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...

sentifi.com

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