Singapore lender OCBC'S Q1 net profit rises 11 pct [Reuters (UK)]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Reuters
Singapore lender OCBC'S Q1 net profit rises 11 pct - Reuters 1 Min Read SINGAPORE, May 10 (Reuters) - Singapore’s Oversea-Chinese Banking Corp Ltd beat market estimates with an 11 percent rise in quarterly profit on Friday, driven by broad-based growth, while net interest income grew 8 percent. The city-state’s second-biggest listed lender’s net profit came in at S$1.23 billion ($901.5 million) versus S$1.11 billion a year earlier, and compared with the S$1.16 billion average estimate of five analysts, according to data from Refinitiv. OCBC is the last local bank to report results. $1 = 1.3643 Singapore dollarsReporting by Anshuman Daga; Editing by Stephen Coates All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved.
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