KUALA LUMPUR: OCBC Bank (Malaysia) Bhd’s pre-tax profit for the financial year ended Dec 31, 2012 rose 5% to RM1bil from a year ago, courtesy of a strong operating profit and a reduction in impairment losses and provisions.
Net profit grew 4% to RM811mil while total gross loans, advances and financing grew 12% to RM48bil due mainly to additional consumer and business loans of RM3.5bil and RM1.6bil, respectively.
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