The lender has demonstrated its mettle during the last two years as its latest fiscal 2021 OCBC reported healthy loan growth and record-high fee income, leading to a 35% year on year jump in its net profit to S$4.9 billion.
Net profit was down 9% year on year to S$219 million due to higher expenses for increased headcount and platform-related costs.Despite the dip in net profit, SGX kept its interim quarterly dividend constant at S$0.08 per share. In a recent move, SGX is working with OCBC to launch a low carbon index that will track Singapore’s 50 largest companies, called theSingapore Technologies Engineering Ltd, or STE, is a global engineering, technology and defence conglomerate serving customers in more than 100 countries.
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