Yahoo Finance 
Oversea-Chinese Banking Corporation’s 1H15 Earnings At A New High
Oversea-Chinese Banking Corporation saw 1H15 net interest income grow 14 percent to $2,531 million, as compared with $2,213 million a year ago, largely from an 18 percent rise in interest-earning assets. Non-interest income rose 9 percent.
Coupled with income from associates and joint ventures of $191 million, significantly higher than $35 million in 1H14, largely attributable to Bank of Ningbo’s contribution as an associated company of the group, earnings gained 12.1 percent to $2,041 million.
Allowances for loans and impairment for other assets was 36 percent higher at $144 million.
As at 30 June 2015, customer loans rose 18 percent from a year ago to $210 billion, contributed by broad-based growth across key customer segments and geographies. Non-performing loan ratio was stable at 0.7 percent.
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