SINGAPORE: Overseas Chinese Banking Corp, Singapore's second biggest lender, on Tuesday posted a 54% rise in quarterly profit, beating expectations thanks to brisk loan growth and a strong performance from its insurance unit.
OCBC, which last week boosted its China exposure by gaining over 90% control of Hong Kong-lender Wing Hang Ltd, said it expected to take advantage of growing investment and trade flows between Greater China and South-East Asia.
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