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Home>OCBC Net Profit Falls 14% on Allowances, Lower Insurance Income

OCBC Net Profit Falls 14% on Allowances, Lower Insurance Income

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Fri, 29 Apr 2016

By Gaurav Raghuvanshi SINGAPORE--Oversea-Chinese Banking Corp. Friday reported a 14% year-on-year decline in its first quarter net profit, dragged by lower insurance income and increased allowances. Net profit in the January-to-March quarter was 856 million Singapore dollars (US$638 million),
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