Article may be outdated

This article is 9 days old. Some details may have changed since publication.

Headlinne
Sign inGet Headlinne
CNA·3 min read·medium

OCBC, UOB post higher Q2 profit on stronger fee income

C
CNA
OCBC, UOB post higher Q2 profit on stronger fee income
✦AI Summary

Singaporean banks OCBC and UOB reported significant growth in second-quarter net profits, driven largely by record-breaking wealth management fees. These gains helped the lenders offset the negative impact of lower interest rates on their core lending businesses.

Why it mattersUnlock →

OCBC posted a 22 per cent rise in second-quarter net profit, while UOB saw a 10 per cent increase in net profit in the second quarter, helped by record wealth fees.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
businesseconomy
Political bias analysisUnlock →
Read originalGet full access
✦

Get the full story

Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.

Create free account

Already have an account? Sign in