People pass an OCBC Bank in Singapore. — Reuters
SINGAPORE: Singapore's second largest bank Oversea-Chinese Banking Corp (OCBC) raised its targeted 2023 net interest margin, a key profitability gauge, after posting on Friday a better-than-expected 21% jump in third-quarter net profit.
OCBC, which is also Southeast Asia's second-largest lender by assets, projected a net interest margin at 2.25% region for 2023, according to earnings presentation slides by Group Chief Executive Helen Wong.
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