Q3 2021 Oversea-Chinese Banking Corporation Ltd Earnings Press Conference Transcript

Nov 03, 2021 / NTS GMT
Ching Ching Koh - Oversea-Chinese Banking Corporation Limited - Head of Group Brand & Communications

Welcome to our results briefing this morning with Helen and Darren, our CFO; and Helen, our Group CEO with us. You can see them on screen. Darren is going to take us through the slides and then Helen will take the questions thereafter. Darren, please.

Siew Peng Tan - Oversea-Chinese Banking Corporation Limited - Executive VP & CFO

Yes. Good morning, Ching. Thank you for joining us, everyone.

So we'll start with Slide 3. Now for the third quarter of 2021, we reported a net profit of SGD 1.22 billion that's an increase of about 19% from year ago and 5% higher than the previous quarter. Customer loans were higher from a year low at 6%, driven by both consumer loan (technical difficulty) across our key markets, and this resulted in a 3% increase year-on-year in our net interest income but needs to be sustained to more interest rate environment.

Okay. I've been sort of passed a message by Ching Ching that I should speak louder. Okay, I'll

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