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The Business Times·3 min read·medium

OCBC Q2 profit rises 22% to S$2.22 billion, beating expectations

R
Renald Yeo
OCBC Q2 profit rises 22% to S$2.22 billion, beating expectations
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OCBC Bank has increased its full-year loan growth guidance following a record-breaking second quarter with a 22% profit jump. Strong results in wealth management and trading helped the bank overcome the impact of lower interest rates.

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Higher guidance comes as wealth, trading and insurance offset pressure from lower interest rates

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