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Singapore lender OCBC's Q4 profit up 34%, beats estimates

Reuters SG

SINGAPORE, Feb 21 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd beat market estimates with a 34% rise in quarterly profit on Friday, helped by an improvement in its net interest margin.

The city-state's second-biggest listed lender's net profit came in at S$1.24 billion ($885.1 million) versus S$926 million a year earlier, and compared with the S$1.13 billion average estimate of five analysts, according to data from Refinitiv. ($1 = 1.4010 Singapore dollars) (Reporting by Anshuman Daga Editing by Chris Reese)