Edition:
United Kingdom

Oversea-Chinese Banking Corp Says Q4 Net Profit After Tax Down 11 PCT To S$926 Mln


Thursday, 21 Feb 2019 

Feb 22 (Reuters) - Oversea-Chinese Banking Corporation Ltd ::Q4 NET PROFIT AFTER TAX FELL 11 PERCENT TO S$926 MILLION .Q4 NET INTEREST INCOME INCREASED 7 PERCENT YEAR-ON-YEAR TO S$1.52 BILLION .PROPOSED FINAL DIVIDEND OF 23 CENTS PER SHARE.Q4 NPL RATIO 1.5 PERCENT VERSUS 1.5 PERCENT.AS AT DEC 31 2018 COMMON EQUITY TIER 1 RATIO 14.0 PERCENT VERSUS 13.6 PERCENT AS AT SEPT 30.Q4 NET INTEREST MARGIN 1.72 PERCENT VERSUS 1.67 PERCENT.GLOBAL ECONOMIC GROWTH EXPECTED TO SLOW ON CONCERNS OF CONTINUED TRADE AND GEOPOLITICAL TENSIONS, AMONG OTHERS.