vimarsana.com

ஒன்றுபட்டது ஓவர்‌ஸீஸ் வங்கி லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Singapore lender OCBC s Q2 profit rises 59%, above estimates

Anshuman Daga 3 minute read Summary United Overseas Bank Q2 profit up 43% to S$1 bln Loan losses down sharply SINGAPORE, Aug 4 (Reuters) - Singapore lenders Oversea-Chinese Banking Corp (OCBC.SI) and United Overseas Bank (UOBH.SI) beat quarterly profit estimates on Wednesday, driven by recovery in their core markets and lower provisions for loan losses. Prospects in Singapore s banking sector have improved as a rebounding economy has boosted demand for mortgages and loans, while booming markets have bolstered the wealth management business. At the same time, benign credit costs indicate that banks have been able to manage asset quality in the face of the pandemic affecting businesses.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.