SINGAPORE: Oversea-Chinese Banking Corp (OCBC), Singapore's second largest bank, maintained 2025 guidance and set aside credit allowances, citing a challenging economic outlook after posting on Friday a 5% drop in first-quarter net profit that beat expectations.
"Looking ahead, the heightened uncertainties brought about by the shifts in trade policies and geopolitical risks are expected to have a dampening effect on overall economic growth in the region," OCBC's Group Chief Executive Helen Wong said in a statement.
