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BRIEF-OCBC Posts Core Net Profit After Tax Of S$1.24 Bln

Reuters SG

Feb 21 (Reuters) - Oversea-Chinese Banking Corporation Ltd :

* PROPOSED FINAL DIVIDEND INCREASED TO 28 CENTS PER SHARE

* Q4 NET INTEREST INCOME GREW 6% YEAR-ON-YEAR TO S$1.61 BILLION

* AS AT DEC 31, COMMON EQUITY TIER 1 RATIO 14.9%

* REPORTED A CORE NET PROFIT AFTER TAX OF S$1.24 BILLION FOR Q4 OF 2019, UP 34%

* Q4 NET INTEREST MARGIN 1.77% VERSUS 1.72%

* AS AT DEC 31 NPL RATIO 1.5%

* AHEAD, GLOBAL ECONOMIC OUTLOOK IS EXPECTED TO BE WEAKER THAN ORIGINALLY EXPECTED Source text for Eikon: Further company coverage: