Oversea-Chinese Banking Corp Ltd (OTCPK:OVCHF)
$ 12.4 1.0825 (9.56%) Market Cap: 54.60 Bil Enterprise Value: 78.72 Bil PE Ratio: 9.81 PB Ratio: 1.27 GF Score: 73/100
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Q1 2023 Oversea-Chinese Banking Corporation Ltd Media Briefing Transcript

May 10, 2023 / NTS GMT
Release Date Price: $9.4
Unidentified Company Representative

Thank you very much for joining us for our First Quarter 2023 Results Briefing. So we have, on today's panel, is Ms. Helen Wong, our CEO; and Ms. Goh Chin Yee, our CFO; and Collins, which is our Head of Investor Relations. So on the line, we have Chanya from Bloomberg and (inaudible).

Okay. So we can start with Chin Yee taking us through the slides. Thank you.

Chin Yee Goh
Oversea-Chinese Banking Corporation Limited - Group CFO

Good morning, everyone. Welcome, and thank you for joining us for our first quarter 2023 results presentation. We announced our results this morning, and we are pleased to start 2023 with a record quarter. I will now share more details about the results.

Let's turn to Slide 4. For the first quarter 2023, group net profit reached a new high of SGD 1.88 billion, an increase of 39% from the same period last year and 44% above the previous quarter. Net profit from banking operations also registered strong growth to a record SGD 1.68 billion. Total income climbed 12% quarter-on-quarter with new

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