OCBC attributes the drop to a “robust customer and investment activities arising from favourable market conditions” seen in the year earlier 1QFY2021 period.
Oversea-Chinese Banking Corp has reported a 10% y-o-y dip in earnings for 1QFY2022, on the back of a 9% dip in revenue in the same period.
For the three months to March 2022, the bank reported earnings of $1.36 billion, with revenue coming in at $2.64 billion.
