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Singapore lender OCBC's Q4 profit declines 9% on lower total income

SINGAPORE, Feb 24 (Reuters) - Singapore’s second-biggest listed-lender, Oversea-Chinese Banking Corp Ltd, reported a 9% drop in quarterly profit on Wednesday, dragged down by a 15% decline in total income in pandemic-hit markets.

The bank’s October-December net profit came in at S$1.13 billion ($856.1 million) versus S$1.24 billion a year earlier, and compared with the S$955.9 million average estimate of four analysts, according to data from Refinitiv. ($1 = 1.3199 Singapore dollars) (Reporting by Anshuman Daga; Editing by Leslie Adler)

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