Apr 29, 2022 / NTS GMT
Ching Ching Koh - Oversea-Chinese Banking Corporation Limited - Head of Group Brand & Communications
Good morning, everyone. Welcome to OCBC's results briefing for our first quarter. So we have -- I know this is audio. You can't see us, but we have our Group CEO, Helen, as well as our group CFO, Darren, with us. We will have Darren take us through the slides on our results. And Helen will be giving some of our remarks before we take Q&A. Darren?
Siew Peng Tan - Oversea-Chinese Banking Corporation Limited - Executive VP & CFO
Okay. Good morning, everybody. Thank you again for joining us today. So I'll start with Slide 4, on our first quarter 2022 financial reports. So you will notice that for the first quarter of 2022, we reported a net profit of SGD 1.36 billion is an increase from the previous quarter. And if you compare versus the strong first quarter of last year, net profit was 10% lower. Total income was 4% higher quarter-on-quarter, driven by a combination of net interest income, higher trading income as well as life insurance profit. Allowances for
Q1 2022 Oversea-Chinese Banking Corporation Ltd Earnings Call Transcript
Feb 14, 2024
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