Oversea-Chinese Banking Corp, Singapore's second-biggest lender, posted a 21% rise in quarterly net profit, beating expectations, helped by higher trading income and gains from its insurance unit (Great Eastern). OCBC's net profit came in at S$960 million (RM2.8 billion) in the three months ended December, versus S$791 million a year earlier and above an average forecast of S$872 million from six analysts polled by Reuters. OCBC's bad debt charges for loans and other assets rose 25% to S$193 million in the fourth quarter from a year earlier, reflecting an industry-wide trend of rising bad debt as Asian economies slow.
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