(Bloomberg) -- Oversea-Chinese Banking Corp.'s fourth-quarter profit rose 31 percent on higher revenue from lending and wealth management as well as a drop in bad-loan provisions.
Net income climbed to S$1.03 billion ($780 million) in the three months ended December from S$789 million a year earlier, Southeast Asia's second-largest lender said Wednesday. That beat the S$956 million average forecast in a Bloomberg survey of seven analysts.
To contact the reporter on this story: Chanyaporn Chanjaroen in Singapore at cchanjaroen@bloomberg.net.
To contact the editors responsible for this story: Marcus Wright at mwright115@bloomberg.net, Russell Ward, Colin Keatinge
©2018 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
