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OCBC reports 12% rise in 3Q18 earnings to record $1.25 bil

PC Lee
PC Lee11/1/2018 7:17 AM GMT+08  • 3 min read
OCBC reports 12% rise in 3Q18 earnings to record $1.25 bil
SINGAPORE (Nov 1): Oversea-Chinese Banking Corporation (OCBC Bank) reported earnings of $1.25 billion for 3Q18, an increase of 12% from a year ago, driven by a 23% rise in profit from banking operations.
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SINGAPORE (Nov 1): Oversea-Chinese Banking Corporation (OCBC Bank) reported earnings of $1.25 billion for 3Q18, an increase of 12% from a year ago, driven by a 23% rise in profit from banking operations.

This is slightly higher than the average estimate of $1.15 billion from three analysts, according to data from Refinitiv, formerly known as Thomson Reuters. The higher 3Q18 bottomline also brings earnings for the first nine months of 2018 (9M18) to $3.57 billion, an increase of 18% from a year ago.


See: OCBC kept at 'buy' ahead of 3Q results announcement; growth expected from developed markets

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