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Bank of Singapore makes its first official OCBC contribution

Oversea-Chinese Banking Corp’s net profit rose 24% year-on-year to S$676m (US$488m) in the first quarter, according to a bank statement released today (May 5). The bank said the strong performance was driven by broad-based growth in non-interest income. The bank’s first quarter results also encompassed the two-month performance of Bank of Singapore, formerly known as ING Asia Private Bank which is now…

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