OCBC Q2 net profit up 10 pct, beats forecast

SINGAPORE Aug 3 (Reuters) - Oversea-Chinese Banking Corp (OCBC.SI), the smallest of Singapore's three listed banks, said its second-quarter profit rose 10 percent due to higher interest rate margins and higher trading income, beating forecasts of a drop in quarterly profit.

April-June net profit rose to S$466 million ($325 million) from S$425 million a year ago, it said on Monday.

Analysts had predicted a net profit of S$356 million, according to the average of six forecasts compiled by Reuters.

Bad debts rose to S$104 million in the last quarter. (Reporting by Saeed Azhar; Editing by Neil Chatterjee)