NRA Capital Pte Ltd

Written by: Lynn Look

Monday 3 Aug 2015

OCBC - Interim results

Above expectations

OCBC reported a second quarter net profit of S$1,048m, representing a 14% y-o-y increase. The results were better than street estimates and ours. The stronger earnings were due to higher than expected contribution from Bank of Ningbo and realised equity divestment gains from GEH.

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