Q1 2023 Oversea-Chinese Banking Corporation Ltd Media Briefing Transcript

May 10, 2023 / NTS GMT
Unidentified Company Representative -

Thank you very much for joining us for our First Quarter 2023 Results Briefing. So we have, on today's panel, is Ms. Helen Wong, our CEO; and Ms. Goh Chin Yee, our CFO; and Collins, which is our Head of Investor Relations. So on the line, we have Chanya from Bloomberg and (inaudible).

Okay. So we can start with Chin Yee taking us through the slides. Thank you.

Chin Yee Goh - Oversea-Chinese Banking Corporation Limited - Group CFO

Good morning, everyone. Welcome, and thank you for joining us for our first quarter 2023 results presentation. We announced our results this morning, and we are pleased to start 2023 with a record quarter. I will now share more details about the results.

Let's turn to Slide 4. For the first quarter 2023, group net profit reached a new high of SGD 1.88 billion, an increase of 39% from the same period last year and 44% above the previous quarter. Net profit from banking operations also registered strong growth to a record SGD 1.68 billion. Total income climbed 12% quarter-on-quarter with new

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot