President Donald Trump’s new tariffs on China could “shrink” the global economy, said the chief executive of Singapore’s second-largest lender by assets, Oversea-Chinese Banking Corp, on Friday • OCBC reported Friday that second-quarter net profit rose 1% increase compared to a year ago • This put its net profit at 1.22 billion Singapore dollars ($886 million) • Net interest margin, a key indicator of profitability for banks, was up 12 basis points, at 1.79% • For the first half of 2019, OCBC announced an interim dividend of 25 cents per share — that’s 5 cents higher than last year • UOB’s Net profit in the second quarter of 2019 was 1.17 billion Singapore dollars — up 8% from a year ago • DBS Group, Southeast Asia’s biggest lender, reported a 17% rise in its second-quarter earnings, to hit 1.60 billion Singapore dollars • Which Singapore Bank Is The Best Bet For Investors? • We Are Able To Buy Below Market – PM Us For Details • Email Now To Access Our Next Singapore Banking Sector Algo Trade Alert: inquiries@ppchk.net
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