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OCBC’s WM income up, BoS AUM flat in 2Q

Bank of Singapore Asian Private Banker

OCBC’s banking business posted record-high net profits of S$1.01 billion, with income from its wealth management activities, including Bank of Singapore, contributing some 31% to total group income in the second quarter, the lender announced today. The top and bottom-line growth come amid what chief executive Samuel Tsien described as an “increasingly challenging [environment]” due to escalating trade and political…

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