(August 07 09:29) Sbr.com.sg
Uploaded By:
Alyssa Divina
Submitted By:
Staff Reporter
Case Study:
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Q2 group net profit picked up 5% from Q1 but crashed 40% from a year earlier.
OCBC has reported a 42% crash in H1 net profit to $1.43b from $2.45b a year ago as the bank has also set aside higher allowances to cushion expected credit losses, according to an announcement.
On a quarterly basis, Q2 group net profit picked up 5% to $730m from Q1’s $698b but plunged 40% from Q2 2019’s $1.22b.
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