[debono]

03 Nov 2021 07:36AM
(Updated: 03 Nov 2021 08:14AM)


SINGAPORE: Singapore's second- and third-largest lenders reported better-than-expected quarterly profit increases, building on a recovery from pandemic-hit markets and supported by lower provisions for credit losses.

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OCBC's net profit rose to S$1.22 billion in July to September from S$1.03 billion in the same period a year earlier and versus the S$936 million average of four analyst estimates compiled by Refinitiv.

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On Wednesday, United Overseas Bank (UOB) posted a 57 per cent rise in net profit to S$1.05 billion from S$668 million in the same period a year. This was ahead of the S$982.4 million average estimate of four analysts compiled by Refinitiv.


https://www.channelnewsasia.com/business...ks-2287471

This is a piece of good news, cos I am vested in some banks....