Article: BRIEFING - ASIA BANKING - AUG 11, 2005.

An executive briefing on banking for Aug 11, 2005, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

SINGAPORE'S OCBC BANK BOOKS 9% RISE IN H1 NET PROFIT

SINGAPORE - Oversea-Chinese Banking Corporation Limited (OCBC Bank) (SGX:O04) booked a 9 per cent on-year rise in half year net profit despite slower earnings growth in the second quarter.

Net profit in the first half reached S$602 million (US$365 million), although second quarter net profit rose just 1 per cent on-year to S$304 million.

KOREA DEVELOPMENT BANK OPENS CHINESE BRANCH

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