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OCBC sees 9% lower 4Q20 earnings of $1.13 bil, proposes final dividend of 15.9 cents per share

Felicia Tan
Felicia Tan2/24/2021 07:41 AM GMT+08  • 4 min read
OCBC sees 9% lower 4Q20 earnings of $1.13 bil, proposes final dividend of 15.9 cents per share
The total dividend for the year of 31.8 cents represents a 39% payout of FY2020's net profit.
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Oversea-Chinese Banking Corporation (OCBC) posted a 9% y-o-y drop in core earnings to $1.13 billion in 4QFY2020 ended December, from $1.24 billion a year ago.

Quarter-on-quarter (q-o-q), this was 10% higher than 3QFY2020’s earnings of $1.03 billion.

The quarter’s earnings was also the highest in four quarters from improved operating conditions.

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