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BRIEF-OCBC Says Improvement In Credit Quality In 2020 Could Be Partly Absorbed By Covid-19 Related Credit Costs

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

* IMPROVEMENT IN CREDIT QUALITY IN 2020 FROM PRUDENT PORTFOLIO ACTIONS LAST YEAR COULD BE PARTLY ABSORBED BY COVID-19 RELATED CREDIT COSTS

* IN 2020, LOAN GROWTH EXPECTED TO BE LOW

* IN 2020, EXPECTS LOW INTEREST RATE ENVIRONMENT TO PERSIST, WITH NIM LIKELY TO TREND BELOW 2019 BUT STAY ABOVE 2018

* WATCHFUL OF IMPACT TO BUSINESS FROM CONTINUING TRADE TENSIONS, GEO-POLITICAL RISKS & WIDENING COVID-19 OUTBREAK IN FY20 Source text for Eikon: Further company coverage: