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OCBC reports 18% fall in 4Q earnings to $789 mil

PC Lee
PC Lee2/14/2017 07:32 AM GMT+08  • 2 min read
OCBC reports 18% fall in 4Q earnings to $789 mil
SINGAPORE (Feb 14): Oversea-Chinese Banking Corporation reported a 18% fall in earnings to $789 million for the 4Q16 ended Dec from a year ago.
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SINGAPORE (Feb 14): Oversea-Chinese Banking Corporation reported a 18% fall in earnings to $789 million for the 4Q16 ended Dec from a year ago.

This brings full-year earnings to $3.47 billion, 11% lower than the previous year.

In 4Q, OCBC Bank reported a 7% fall in net interest income to $1.25 billion, mainly due to lower net interest margin from the continued compression in customer loan yields.

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