SINGAPORE (Reuters): Singapore bank earnings show lenders on track to follow global peers bouncing back from a pandemic-hit year, beating estimates as economic recovery helps them reduce loan-loss provisions on top of strong wealth management business.
On Friday (May 7), Oversea-Chinese Banking Corp, Singapore's second-largest listed lender, more than doubled its quarterly profit, rounding up a strong showing by DBS Group and United Overseas Bank.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
