Q-o-q, 3QFY2020 net profit was up some 41% from the $730 million posted previously.
Oversea-Chinese Banking Corporation (OCBC Bank) has reported earnings of $1.03 billion for the 3QFY2020 ended September, some 12% lower than the $1.17 billion a year ago, largely driven by larger allowances.
The results surpassed expectations of analysts’ estimates compiled by Bloomberg, which stood at $787 million.
