ym80
2021-11-03
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OCBC's Q3 profit up 19% to $1.22 billion, beating forecasts
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOCBC's Q3 profit up 19% to $1.22 billion, beating forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-03 08:21 GMT+8 <a href=http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - OCBC Bank's earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties.\nThe bank posted on Wednesday (Nov 3) a 19 per cent year-on-...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行"},"source_url":"http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2180731718","content_text":"SINGAPORE - OCBC Bank's earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties.\nThe bank posted on Wednesday (Nov 3) a 19 per cent year-on-year increase in third-quarter net profit to $1.22 billion, partly driven by lower allowances amid an improving credit outlook.\nIts earnings topped the $1.19 billion average estimate of four analysts polled by Bloomberg.\nGroup chief executive Helen Wong said the bank's results were resilient, despite challenging conditions associated with the Delta variant of the coronavirus.\n\"This quarter, the momentum across our banking, wealth management and insurance business has continued to grow, as reflected by loan, net new money, fee and insurance sales growth,\" she said.\nMs Wong noted that asset quality is stabilising as the economic situation improves.\n\"We remain positive on the long-term outlook but are watchful of the near-term headwinds from the pandemic,\" she added.\nNet interest income climbed 3 per cent to $1.46 billion amid an increase in average loan volumes. 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