OCBC's net profit fell in first half by 30%.

Australasian Business Intelligence, August, 2002

Aug 07, 2002 (The Asian Wall Street Journal

ABIX via COMTEX) -- The Oversea-Chinese Banking Corporation (OCBC) is Singapore's third biggest bank. OCBC has reported a 30 per cent fall in profits for the first half of 2002, to $S301.6 million ($US172.3 million). The figure compares with a $S433.4 million profit in the first half of 2001. Dow Jones research indicates that analysts had expected a $S401.7 million result. Income from lending and non-lending operations rose over the six months, but OCBC's profits were dragged down by bad debt provisions and amortisation. CEO David Conner expressed optimism about the second half of 2002.

Publication Date: 6 August 2002

OVERSEA-CHINESE BANKING CORPORATION

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