SINGAPORE: Singapore's second largest bank, Oversea-Chinese Banking Corp (OCBC), reported on Friday a 5% rise in first-quarter net profit, driven by growth in its wealth management business.
OCBC, which is also Southeast Asia's second-largest lender by assets, said January-March net profit climbed to S$1.97 billion ($1.55 billion) from S$1.88 billion a year earlier.
This beat the mean estimate of around S$1.89 billion from three analysts surveyed by LSEG. ($1 = 1.2690 Singapore dollars) - Reuters
