SINGAPORE (May 7): Oversea-Chinese Banking Corporation reported a earnings of $1.11 billion for 1Q18 ended March, an increase of 29% from a year ago on lower loan provisions and higher income from lending and wealth management.

This was slightly higher than the mean of five broker estimates of $1.09 billion compiled by Thomson Reuters.

Last week, DBS posted a 26% increase in earnings while UOB’s earnings rose 21%.

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