Banks have had a better 3QFY2020 compared to their 2QFY2020. The biggest surprise was Oversea-Chinese Banking Corp’s (OCBC) net profit which rose 41% q-o-q to $1.03 billion. This came on the back of a tailwind from non-interest income, including that from Great Eastern Holdings, and lower general provisions compared to 2Q2020.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply