OCBC Q4 net profit rises 12% to S$1.62 billion; declares S$0.42 final dividend.
XD 8th May.
Pay date 26 May.
Yearly dividend of 82 cents.
Yield is about 6.16% based on current price of 13.31.
Ocbc reported a net interest income of S$2.46 billion, up 3 per cent from a year ago as average assets grew 4 per cent.
Net interest margin (NIM) moderated 2 basis points to 2.29 per cent, which OCBC attributed to higher funding costs that more than offset its increase in asset yields.
I think is a good set of financial numbers!
Pls dyodd.
Non-interest income rose 25 per cent to S$811 million, as net fee income increased 16 per cent year on year due to higher fees from wealth management, credit card and loan-related activities. Net trading income also improved 22 per cent on the back of higher customer flow treasury income, offset in part by a decline in insurance income. - Tomorrow FY results will be out in the...