Primary tabs

Error message

Notice: Undefined index: issue_id in allow_view_pdf() (line 100 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
Notice: Trying to get property 'field_free_to_view_pdf' of non-object in allow_view_pdf() (line 101 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Chat-Edge-Api-Key in chat_edge_api_middleware() (line 27 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_chat_edge/tes_chat_edge.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 111 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Warning: count(): Parameter must be an array or an object that implements Countable in _uc_line_item_list() (line 133 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/ubercart/uc_order/uc_order.line_item.inc).
Notice: Undefined index: #form_id in theedgesg_preprocess_page() (line 3445 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/theedgesg/theedgesg.module).

OCBC 2Q earnings up 16% to record $1.21 bil on robust performance across all businesses

Results

OCBC 2Q earnings up 16% to record $1.21 bil on robust performance across all businesses

PC Lee Published on Mon, Aug 06, 2018 / 7:48 AM GMT+8

A-

A+

SINGAPORE (Aug 6): Oversea-Chinese Banking Corporation (OCBC Bank) reported 2Q18 earnings of $1.21 billion, up 16% from a year ago and above one analyst's estimate of $1.19 billion, driven by robust performance across each of the group’s banking, wealth management and insurance businesses.

This brings earnings for the 1H18 ended June to $2.32 billion, 22% higher than $1.90 billion a year ago.

Strong loan growth and higher net interest margin (NIM) drove 2Q18 net interest income to a new high of $1.45 billion, which was 8% above $1.35 billion a year ago. Average customer loans grew 11%, driven by broad-based growth across most industries and geographical segments. NIM expanded 2 basis points to 1.67% from 1.65% a year ago, boosted by higher asset yields in Singapore and Malaysia which saw higher NIMs in both markets.

To continue reading,

Subscription entitlements:

Less than $9 per month

3 Simultaneous logins across all devices

Unlimited access to latest and premium articles

Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Enter a valid email address

Follow our Telegram | Facebook

Delivery Address

Billing Address

Payment Details

Payment Details

Payment Details

Primary tabs

Error message

OCBC 2Q earnings up 16% to record $1.21 bil on robust performance across all businesses

Results

OCBC 2Q earnings up 16% to record $1.21 bil on robust performance across all businesses

Primary tabs

Error message

OCBC 2Q earnings up 16% to record $1.21 bil on robust performance across all businesses

Results

OCBC 2Q earnings up 16% to record $1.21 bil on robust performance across all businesses

Trending Now