OCBC Singapore's Q3 Net Profits Rises 9% To S$1.91 Billion
OCBC Singapore's Q3 Net Profits Rises 9% To S$1.91 Billion
For the 9 months accumulative, the group net profit increased 9% to S$5.90 billion, surpassing the previous nine-month high reported a year ago. This was driven by broad-based income growth and lower allowances.
Oversea-Chinese Banking Corporation Limited reported net profit of S$1.97 billion for the third quarter of 2024 ("3Q24"), 9% higher than S$1.81 billion in the previous year ("3Q23"), and 2% above S$1.94 billion a quarter ago ("2Q24"). Net profit for the nine months of 2024 ("9M24") increased 9% from a year ago ("9M23") to S$5.90 billion.
新加坡華僑銀行有限公司報告了2024年第三季度淨利潤爲19.7億新加坡元（「3Q24」），比去年同期的18.1億新加坡元（「3Q23」）高出9%，比上一季度的19.4億新加坡元（「2Q24」）高出2%。2024年前九個月（「9M24」）的淨利潤同比增長9%，達到59億新加坡元。
The Group's strong year-on-year performance for 3Q24 was driven by robust non-interest income growth and lower allowances. Increased wealth management activities lifted fee and trading income, with insurance income higher as well. Cost-to-income ratio ("CIR") improved from the previous year to 38.5% on positive operating jaws. Asset quality remained resilient with non-performing loan ("NPL") ratio declining to 0.9%.
集團在3Q24的強勁年度表現得益於強勁的非利息收入增長和較低的準備金。拓展的财富管理活動提升了費用和交易收入，保險收入也有所增加。成本收入比（「CIR」）從去年改善至38.5%，業務靶發揮了正面作用。資產質量保持穩健，不良貸款比率下降至0.9%。
Net interest income was S$2.43 billion, 1% lower than 3Q23. Average assets grew 3% while net interest margin ("NIM") compressed by 9 basis points to 2.18%, as the rise in funding costs more than
offset the higher asset yields.
淨利息收入爲24.3億新加坡元，比3Q23低1%。平均資產增長3%，而淨利息收益率（「NIM」）下降了9個點子至2.18%，因爲資金成本的上升超過了
抵消了較高的資產收益。
For the 9 months accumulative, the group net profit increased 9% to S$5.90 billion, surpassing the previous nine-month high reported a year ago. This was driven by broad-based income growth and lower allowances.
累計前九個月，集團淨利潤增長了9%，達到59億新加坡元，超過了一年前報告的前九個月的最高記錄。這是由廣泛的收入增長和較低的準備金推動的。
Net interest income grew 2% to a record S$7.30 billion, backed by a 4% rise in average assets from growth in customer loans and the deployment of liquidity into high-quality assets which were incomeaccretive but lower yielding. NIM contracted 6 basis points to 2.22%, mainly due to increased funding costs which outpaced the rise in asset yields.
淨利息收入增長2%，達到創紀錄的73億新加坡元，得益於客戶貸款增長帶來的平均資產增長4%以及流動性投向高質量資產所產生的收入，但收益較低。利差由上一年下降了6個點子至2.22%，主要是由於資金成本的上升超過了資產收益的增長。
譯文內容由第三人軟體翻譯。
