OCBC: Lending and Wealth Fees Fuel Profit Growth

Singapore-based OCBC posted higher profits in the third quarter, driven by improvements across the board including lending and wealth management fee income. Net profit at Oversea-Chinese Banking Corporation (OCBC) increased 21 percent year-on-year to S$1.8 billion ($1.3 billion) for the third quarter of 2023, according to the bank’s financial results. …