Singapore's OCBC maintains 2025 guidance despite challenging outlook
Government
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 (May 9) a 5 per cent 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
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