SINGAPORE, May 8 (Reuters) - Singapore’s second largest bank, Oversea-Chinese Banking Corp (OCBC) (OCBC.SI) , reported on Friday a 5% rise in first-quarter net profit, driven by growth in its wealth management business.OCBC, which is also Southeast Asia’s second-largest lender by assets, said January-March net profit climbed to S$1.97 billion ($1.55 billion) from S$1.88 billion a year earlier.This beat the mean estimate of around S$1.89 billion from three analysts surveyed by LSEG. ($1 = 1.2690 Singapore dollars)

- Singapore's second-largest bank, OCBC, reported a 5% increase in net profit for Q1, driven by growth in its wealth management business.  
- The net profit rose from SGD 1.88 billion a year earlier to SGD 1.97 billion (USD 1.55 billion) during January to March.  
- This performance exceeded the average expectation of SGD 1.89 billion set by three analysts surveyed by Refinitiv.

Singapore bank OCBC's Q1 profit rises 5%, beats estimates