The city-state’s second-largest bank beat estimates with third-quarter earnings up 31% to $1.1 billion

Net profit for Singapore’s second-largest lender came in at $1.07 billion for the three months through June, beating estimates as it benefited from rising interest rates

DBS and OCBC each jump more than 3%, while UOB falls by the same amount at the market’s open

Banks are moving forward in their transition as lenders and borrowers must stop using Singapore dollar swap offer rate, computed using Libor, after Friday

OCBC names Helen Wong as deputy president and head of global wholesale banking

OCBC aims to double its money as southern economic powerhouse grows more connected