OCBC Q1 profit beats forecasts, sets aside more allowances amid Middle East war

SINGAPORE: Singapore’s Oversea-Chinese Banking Corp (OCBC) on Friday (May 8) flagged heightened macro risks from the war in the Middle East, after posting a 5 per cent rise in first-quarter net profit driven by growth in its wealth business. OCBC, the country’s second-largest bank, reported a 5 per cent year-o

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