Singaporean Bank OCBC's Quarterly Profit Reaches Record on Higher Interest Rates

(The Straits Times) — OCBC Bank joined peers DBS Bank and UOB in reporting third-quarter earnings that reached new highs, with its lending income boosted by rising interest rates.

The bank expects Asia to be resilient in the face of economic headwinds, but cautions that the region will not be spared from the impact of inflation and geopolitical tensions on the global economy.