ocbc corporate fixed deposit interest rate

The Group maintained its sound capital, funding and liquidity positions, to support growth opportunities and ensure adequate buffers for uncertainties.ģQ23 return on equity (“ROE’’) rose to 14.0% and earnings per share (“EPS”) increased to S$1.58 on an annualised basis. Loans grew 1% in constant currency terms and portfolio quality remained resilient, with the non-performing loan (“NPL”) ratio declining to pre-pandemic levels at 1.0%.

The cost-to-income ratio for the quarter improved year-on-year to 39.1%, while credit costs in 3Q23 were an annualised 17 basis points. The Group’s robust year-on-year performance for 3Q23 was driven by a 13% rise in total income, underpinned by record net interest income and growth in non-interest income. Net profit for the nine months of 2023 (“9M23”) was a record S$5.40 billion, a 32% increase from a year ago (“9M22”). Singapore, 10 November 2023 – Oversea-Chinese Banking Corporation Limited (“OCBC”) reported net profit of S$1.81 billion for the third quarter of 2023 (“3Q23”), 21% higher from S$1.49 billion a year ago (“3Q22”), and 6% above S$1.71 billion in the previous quarter (“2Q23”). Nine months 2023 net profit up 32% to new high of S$5.40 billion

Ocbc corporate fixed deposit interest rate