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Bank of Singapore 1H20 AUM up slightly

As OCBC’s 1H20 net profit nosedived YoY, its private bank franchise Bank of Singapore saw its AUM grow modestly. Reporting its earnings for 1H20 on Friday, the Singapore-based financial group stated that it remains focused on strengthening its balance sheet in the current challenging market environment. Overall group net profit plunged 42% YoY to S$1,428 million, although 2Q20 profit was S$730,…

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