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OCBC records higher wealth management income in 2021

OCBC Bank on Wednesday reported that its wealth management income rose 11% to S$3.92 billion in 2021, up from S$3.54 billion the previous year. The Singapore lender’s wealth management arm comprises of insurance, premier and private banking, asset management and stockbroking. Wealth management AUM rose 7% to S$258 billion from S$241 billion in the previous year, and fee income surpassed…

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