03-08-2022, 09:17 AM
Prisca Ang
PUBLISHED 1 HOUR AGO
SINGAPORE - OCBC Bank reported on Wednesday (Aug 3) a better-than-expected increase in second-quarter earnings from a year ago as it benefited from rising interest rates.
Net profit for Singapore's second-biggest local bank came in at $1.48 billion for the three months to June, up 28 per cent from $1.16 billion for the same period a year ago. It also blew past the $1.26 billion forecast by analysts in a Bloomberg poll.
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The bank declared an interim dividend of 28 cents per ordinary share, up from 25 cents last year.
https://www.straitstimes.com/business/ba...-forecasts
PUBLISHED 1 HOUR AGO
SINGAPORE - OCBC Bank reported on Wednesday (Aug 3) a better-than-expected increase in second-quarter earnings from a year ago as it benefited from rising interest rates.
Net profit for Singapore's second-biggest local bank came in at $1.48 billion for the three months to June, up 28 per cent from $1.16 billion for the same period a year ago. It also blew past the $1.26 billion forecast by analysts in a Bloomberg poll.
......
The bank declared an interim dividend of 28 cents per ordinary share, up from 25 cents last year.
https://www.straitstimes.com/business/ba...-forecasts