The OCBC Bank logo is seen outside its headquarters after the bank reported its first-half results, in Singapore, August 3, 2022. REUTERS/Anshuman DagaSays on track to meet full-year targetsSINGAPORE, Nov 4 - Southeast Asia's second-largest lender Oversea-Chinese Banking Corp Ltd
The city-state's banks, which boast some of the strongest capital buffers in the world, have effectively weathered the COVID-19-induced slump and are now benefiting from rebounding Asian economies. "Risks would be if growth dives significantly as inflation bites harder across the region. For now, that seems more like a worst case scenario, with modest credit growth of mid single digit looking reasonable," said Kevin Kwek, a senior analyst at Sanford C. Bernstein.
It is surprised that OCBC is more profitable than DBS