OCBC reports record quarterly earnings of $1.6 billion, up 31% y-o-y

Oversea-Chinese Banking Corporation has joined the other two local banks in reporting record quarterly earnings, as higher interest rates lifted the bottomline.

For its 3QFY2022 ended Sept 30, OCBC reported earnings of $1.6 billion, up 31% y-o-y; revenue was up 23% y-o-y to $3.15 billion.