Q3 2023 Oversea-Chinese Banking Corporation Ltd Earnings Presentation Transcript

Nov 10, 2023 / NTS GMT

Release Date Price: $19.17 (-0.29%)

Transcript

Chin Yee Goh

Oversea-Chinese Banking Corporation Limited - Group CFO

(technical difficulty) the robust performance for the quarter, which contributed to record net profit for the 9 months of 2023.

Moving on to our financial highlights on Slide 4. For the third quarter of 2023 [or how we use] 3Q '23 in short, group net profit rose 21% from a year ago to 26% from the previous quarter to SGD 1.81 billion. The group's annualized return on equity for 3Q '23 improved 2.1 percentage points year-on-year to 14%. Total income rose 13% from a year ago to SGD 3.43 billion, underpinned by a record net interest income and growth in noninterest income.

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