1. For the third quarter, net interest income for OCBC rose by 6% to $1.32 billion on a year on year comparison.
2. Next up, non-interest income decreased by 3% compared to the same period last year. The topline segment ended the third quarter with $775 million.

1. OCBC&rsquo s operating expenses rose 3% year on year for the third quarter.
2. Allowances for loan and impairment of other assets for the reporting quarter leapt by 56% year on year to $150 million.

&ldquo This quarter marks the first year since we acquired OCBC Wing Hang Bank. It is evident that the OCBC Wing Hang Bank addition to our Greater China franchise has further strengthened and diversified the Group&rsquo s earnings.

Our banking operations reported another quarter of strong growth, with core net profit increasing 25% year-on-year and 4% quarter-on-quarter. Our insurance operations, while recording strong underlying business growth as reflected by increased total weighted new sales and higher new business embedded value, was impacted by unrealised mark-to-market losses in its debt and equity investment portfolio as a result of the volatile financial markets.

Against a more uncertain and challenging operating environment, we will continue to be focused and prudent as we grow our franchise across our key markets. We will maintain our strong capital position, remain disciplined in our cost management and set aside an adequate level of allowances.&rdquo