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SINGAPORE BANK OCBC Q1 PROFIT DIPS TO SEVEN YEAR LOW

Published On 08 May 2020 07:00 AM


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Highlights:

  • Overseas Chinese Banking Corp. (OCBC) has doubled its loan loss provisions due to coronavirus pandemic.
  • It also slumped by 43% in first-quarter net profit.
  • This slump has marked the lowest in seven years.

Overseas Chinese Banking Corp. (OCBC), Singapore’s second-largest lender, has doubled its loan loss provisions with the increased coronavirus pandemi....


Tags : OCBC, Singapore, Bank, Profit, First-quarter ,
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