Oversea-Chinese Banking Corp Ltd (FRA:OCBA)
€ 11.47 -0.085 (-0.74%) Market Cap: 51.70 Bil Enterprise Value: 74.50 Bil PE Ratio: 9.81 PB Ratio: 1.27 GF Score: 70/100
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Half Year 2021 Oversea-Chinese Banking Corporation Ltd Media Briefing Transcript

Aug 04, 2021 / NTS GMT
Release Date Price: €7.8 (+3.31%)
Ching Ching Koh
Oversea-Chinese Banking Corporation Limited - Head of Group Brand & Communications

Thank you for joining us on the line. And today, we have with us our Group CEO, Helen Wong; our CFO, Darren Tan; our Deputy President and Global Wealth Management and Consumer Banking, Mr. Ching Wei Hong; and we have our Global Treasury Head, Mr. Kenneth Lai. We will have Darren take us through our presentation slides; and thereafter, we will take a Q&A after Helen says a few words. Darren, (inaudible).

Siew Peng Tan
Oversea-Chinese Banking Corporation Limited - Executive VP & CFO

Thank you, Ching Ching. Thank you, everyone, for joining us. I will move on to Slide 3, if you have the slides in front of you.

Now first half 2021 net profit rose 86% year-on-year to SGD 2.66 billion. Correspondingly, our annualized ROE was also higher at 10.8%. Net interest income has remained stable, while noninterest income has moved in tandem with market. For the quarter, noninterest income was 17% lower quarter-on-quarter.

Allowances, although higher

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