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Bank of Singapore doubles OCBC’s wealth income

Bank of Singapore, the wealth subsidiary of OCBC that was formerly known as ING Asia Private Bank, has officially made its way onto the P&L of the parent. OCBC said that fees and commissions rose 30% in the second quarter over the previous year to S$252m (US$185.2m), led by growth in wealth management income. Including contributions from Bank of Singapore, OCBC’s…

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