OCBC: 3Q13 Net Profit Down 59% To S$759 Million. 01 Nov 2013 - TopicsExpress



          

OCBC: 3Q13 Net Profit Down 59% To S$759 Million. 01 Nov 2013 11:44 Oversea-Chinese Banking Corporation Limited reported a net profit after tax of S$759 million for the third quarter of 2013. Excluding non-core gains realised a year ago from the divestment of the Groups stakes in Fraser and Neave, Limited and Asia Pacific Breweries Limited, core net profit after tax rose 5% from a year ago, and 27% from the previous quarter. Sustained performance of the Groups broad-based customer-related businesses drove continued growth in net interest income, record fees and commissions, and higher life assurance profit. The Groups Malaysian and Indonesian banking subsidiaries each recorded a 21% year-on-year increase in net profit after tax, in local currency terms, while Great Eastern Holdings earnings contribution to Group core net profit after tax rose 49%... shareinvestor/news/news.html?source=sg_si_express&nid=71192
Posted on: Fri, 01 Nov 2013 05:16:27 +0000

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