Market Overview

OCBC Q4 Profit Up 12%

Singapore's Oversea-Chinese Banking (OTC: OVCHF) reported a 12% rise in its fourth-quarter net profit.

OCBC's quarterly net profit surged to 663 million Singapore dollars (US$537 million), from S$594 million, in the year-ago period. However, analysts were expecting a profit of S$569 million.

OCBC's net interest income declined 0.4% to S$921 million from S$925 million, while non-interest income surged 32% to S$757 million from S$572 million.

Posted-In: profitEarnings News

 

Related Articles (OVCHF)

Around the Web, We're Loving...

Get Benzinga's Newsletters