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101-120 of 6990
About time the stock price hit $18 n above...
https://www.businesstimes.com.sg/companies-markets/ocbc-q3-profit-flat-s1-98-billion-beats-expectations
I think it was a good set of results that shld keep ocbc price more stable than most in volatile markets
I think it was a good set of results that shld keep ocbc price more stable than most in volatile markets
Dividend twice a year in each May and Aug.
ysh2006 ( Date: 07-Nov-2025 07:47) Posted:
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Any dividend declared ?
CEO summary...
Outlook
❑
Volatile operating environment from evolving trade policies and geopolitical landscape
❑
Economic growth expected to decelerate in near term
❑
Positive on regional supply chain resilience, energy transition and digitalisation opportunities
❑
Strong fundamentals and business franchise to drive resilient performance
Primed for future growth
2025 financial targets
❑
Net interest income lower by mid-to-high single-digit percentage, NIM around 1.90%
❑
Mid-single-digit loan growth
❑
CIR at low 40s
❑
Credit costs around 20 bps
❑
60% total dividend payout ratio and share buybacks
U faster than me, SDE.
Just went for a morning walk and so pleased to read your good news
Steady lah!
Worth every dollar paid for.
OCBC is a good buy
Looking forward to increased dividends next year ...
Am starting to give away my old stock of salmon in preparation for fresh stocks.
Congrats all OCBC share holders. On behalf of the management, I thank you.
🐻
SDEXXXXD ( Date: 07-Nov-2025 07:09) Posted:
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OCBC Group Third Quarter 2025 Net Profit
Rose 9% above the Previous Quarter to S$1.98 billion
Nine months 2025 net profit at S$5.68 billion
Singapore, 7 November 2025 ? Oversea-Chinese Banking Corporation Limited (?OCBC?) reported a net
profit of S$1.98 billion for the third quarter of 2025 (?3Q25?), up 9% from S$1.82 billion in the previous
quarter (?2Q25?) and unchanged from the same period a year ago (?3Q24?). Net profit for the nine months
of 2025 (?9M25?) was S$5.68 billion, 4% lower compared to a year ago (?9M24?).
Total income for 3Q25 rose 7% quarter-on-quarter, underpinned by record non-interest income, which more
than compensated for the decline in net interest income. Robust momentum in wealth management and
treasury sales lifted fee and trading income, and insurance delivered strong results. Cost-to-income ratio
(?CIR?) in 3Q25 was 40.0%, and credit costs were 16 basis points on an annualised basis. Asset quality
remained resilient, with non-performing loan (?NPL?) ratio unchanged at 0.9%. On an annualised basis,
return on equity (?ROE?) improved from last quarter to 13.4% and earnings per share (?EPS?) increased to
S$1.72.
Rose 9% above the Previous Quarter to S$1.98 billion
Nine months 2025 net profit at S$5.68 billion
Singapore, 7 November 2025 ? Oversea-Chinese Banking Corporation Limited (?OCBC?) reported a net
profit of S$1.98 billion for the third quarter of 2025 (?3Q25?), up 9% from S$1.82 billion in the previous
quarter (?2Q25?) and unchanged from the same period a year ago (?3Q24?). Net profit for the nine months
of 2025 (?9M25?) was S$5.68 billion, 4% lower compared to a year ago (?9M24?).
Total income for 3Q25 rose 7% quarter-on-quarter, underpinned by record non-interest income, which more
than compensated for the decline in net interest income. Robust momentum in wealth management and
treasury sales lifted fee and trading income, and insurance delivered strong results. Cost-to-income ratio
(?CIR?) in 3Q25 was 40.0%, and credit costs were 16 basis points on an annualised basis. Asset quality
remained resilient, with non-performing loan (?NPL?) ratio unchanged at 0.9%. On an annualised basis,
return on equity (?ROE?) improved from last quarter to 13.4% and earnings per share (?EPS?) increased to
S$1.72.
OCBC could see positive 3Q25 surprises from its wealth management and insurance business.
OCBC appoints Melvyn Low as group chief strategy and transformation officer
The industry veteran has held senior positions in cash management, trade and securities services at various regional and global banks
[SINGAPORE] OCBC has appointed banking veteran Melvyn Low as its new group chief strategy and transformation officer, effective Nov 10, 2025.
The lender announced Low&rsquo s new role in a release on Wednesday (Nov 5). He will be responsible for driving the group&rsquo s long-term strategic road map, with a focus on future-proofing the group&rsquo s businesses and identifying new growth engines, the release read.
Low will also continue to oversee the global transaction banking division, which he has led since 2018.
With over 30 years of experience, Low has held senior positions in cash management, trade and securities services at various regional and global banks.
Helen Wong, group chief executive officer of OCBC, said Low&rsquo s &ldquo solid track record in innovation and transformation, combined with his first-hand knowledge of OCBC group&rsquo s diversity and synergistic strengths... makes him the most suitable person to take on this role&rdquo .
She added: &ldquo His appointment affirms the bench strength we have and the mobility of our people in taking on new roles.&rdquo
The release noted that Low has &ldquo consistently demonstrated strong business acumen, with a track record of innovation and transformation&rdquo .
Under his leadership, the global transaction banking division&rsquo s total income grew by two times in the past five years, OCBC said. The division also surpassed its regional target of 500 mandates in Greater China two years ahead of time, securing close to 600 as at June 2025.
On the industry front, Low led Singapore banks in the 2021 development and launch of the PayNow-PromptPay linkage between Singapore and Thailand. For his contributions, Low received the Institute of Banking and Finance Distinguished Fellow award, which recognises industry captains who have made significant contributions.
He is currently co-chair of the steering committee for the governance of PayNow cross-border linkages, and also serves as a board member of Nets and the Singapore Trade Data Exchange.
OCBC establishes US$1 billion digital US commercial paper programme based on blockchain
The bank says this will help strengthen its US dollar liquidity resilience
[SINGAPORE] OCBC Bank announced on Monday (Aug 25) the introduction of a US$1 billion digital US commercial paper (USCP) programme using blockchain.
This allows for near-instantaneous short-term US dollar funding capabilities for the bank, it said. This speed is achieved through tokenised securities and funds being on blockchain, added the bank, allowing it to receive funds within minutes.
OCBC seeks to &ldquo bolster liquidity resilience&rdquo amid heightened geopolitical uncertainty through this move, with the programme offering an alternative channel to tap the US$1.4 trillion USCP market to quickly raise USD.
The move means OCBC will become the first USCP issuer in the world to use blockchain through the securities&rsquo entire lifecycle, from issuance and settlement to record-keeping and servicing.
&ldquo Given the immutable and transparent nature of blockchain, parties involved in the transaction can view and verify the same set of data in real-time,&rdquo said the bank. &ldquo This in turn enhances trust and accountability as there is an auditable record of transactions.&rdquo
OCBC&rsquo s digital programme will be facilitated by JPMorgan&rsquo s Digital Debt Service application built on the multi-asset tokenisation platform Kinexys Digital Assets. The US investment bank will also act as sole dealer for the programme.
OCBC&rsquo s new blockchain-based programme follows a US$25 billion conventional programme that the bank launched in 2011.
The bank said the first USCP tokenised issuance under the programme took place on Wednesday last week. The six-month maturity notes were issued to an accredited institutional investor, with OCBC receiving the funds within minutes of the completed transaction, it added.
Funds raised through the &ldquo inexpensive&rdquo funding source of commercial papers will be used by OCBC for general funding purposes.
The bank said that the digital USCP programme was assigned credit ratings of P-1 by Moody&rsquo s, and F1+ by Fitch. These are the highest ratings given by the rating agencies for short-term instruments.
&ldquo Singapore&rsquo s blockchain ecosystem is advancing fast, and asset tokenisation is gaining real momentum,&rdquo said Kenneth Lai, OCBC&rsquo s head of global markets.
Lai added: &ldquo We have already tapped blockchain for intraday repo and reverse repo transactions &ndash capabilities added last year &ndash and are now expanding into the USCP market to strengthen liquidity and resilience.&rdquo
OCBC&rsquo s announcement comes a few days after DBS announced the launch of tokenised structured notes on the Ethereum public blockchain.
OCBC' s Lim initiates coverage of Hong Leong Asia with ' buy' call and $3.40 fair value on ' constructive' outlook
Ada Lim of OCBC Investment Research has initiated coverage of Hong Leong Asia with a " buy" call and $3.40 fair value price, given its " constructive" outlook.
HLA is in the business of building materials and via a separately listed China-based subsidiary, China Yuchai, manufactures and sells powertrains as well.
In her Aug 25 report, Lim points out that HLA' s powertrain division is set to enjoy growth thanks to " burgeoning" demand from data centres.
" Growth in exports to emerging markets would also expand access to a larger total addressable market and cushion any softness in China domestic sales," says Lim.
She notes that the building materials division will see " softer" numbers for the current FY2025 as a result of reduced capacity from equipment replacement.
Nonetheless, she sees clear growth ahead, as HLA is riding on the ongoing construction market upcycle in Singapore and continued infrastructure investments in Malaysia.
In the most recent 1HFY2025, HLA has reported earnings of $56 million, up 13.1% y-o-y, yet another sequential improvement following the pandemic.
An interim dividend of 2 cents per share has been declared, double that of the same period last year.
Lim says that the company has historically maintained a strong balance sheet and a healthy net cash position.
" Going forward, we see potential for the company to deploy cash to enhance shareholder returns, either by acquiring synergistic, accretive businesses, or by increasing dividend payouts," she adds.
" We are also not ruling out the possibility that HLA may be a potential beneficiary of the ongoing Equity Market Development Program (EQDP)," says Lim.
All things considered, Lim, using a discounted cash flow valuation methodology, has derived a fair value of $3.10 on this counter.
OCBC 2Q25 - UOB Kay Hian 2025-08-05: New CEO, New Beginning
https://sginvestors.io/analysts/research/2025/08/ocbc-2q25-uob-kay-hian-research-2025-08-04
https://sginvestors.io/analysts/research/2025/08/ocbc-2q25-uob-kay-hian-research-2025-08-04
prophetjul ( Date: 20-Aug-2025 09:37) Posted:
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The China men directors are still around. )
Delvyss ( Date: 20-Aug-2025 09:35) Posted:
|
" Overhang" over both companies removed.
Time for OCBC to move on.
Time for OCBC to move on.
Will OCBC&rsquo s incoming CEO Tan Teck Long be a safety steward or a transformative leader?
Peering into the incoming CEO&rsquo s in-tray
[SINGAPORE] Helen Wong made waves when she was appointed group chief executive of OCBC : O39 +0.47% in April 2021 &ndash becoming the first female to lead a major local bank.
Wong leaves her role at the end of this year. Her stint at the helm will be just over four-and-a-half years by then &ndash shorter than past CEOs Samuel Tsien and David Conner, who served for about nine years and 10 years, respectively.
At rival DBS : D05 +0.73%, Piyush Gupta was CEO for more than 15 years before handing over to Tan Su Shan earlier this year. Wee Ee Cheong has been CEO at the other major local bank, UOB : U11 0%, since April 2007.
OCBC&rsquo s performance
During Wong&rsquo s tenure to date, OCBC, like its peers, has done well. Nonetheless, OCBC&rsquo s performance trails market leader DBS&rsquo .
Versus pre-Covid pandemic in 2019, DBS&rsquo net profit rose 77 per cent to S$11.3 billion in 2024, while OCBC&rsquo s net profit climbed 56 per cent to S$7.6 billion in 2024.
Over each of 2022, 2023 and 2024, OCBC&rsquo s return on equity (ROE) lagged DBS&rsquo . During the three years, the simple average ROE for OCBC and DBS were 12.8 per cent and 17 per cent, respectively.
In 2022, DBS and UOB announced deals to buy Citigroup&rsquo s consumer banking business, with DBS acquiring the Taiwan business and UOB buying Citigroup&rsquo s consumer banking franchise in Indonesia, Malaysia, Thailand and Vietnam. These deals have since been successfully completed. Should OCBC have taken a bite as well?
On the other hand, 2024 and 2025 were for OCBC marked by its attempt to get insurance subsidiary Great Eastern Holdings : G07 0% (GEH) privatised, a goal that remained unrealised.
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. Over time, OCBC has weathered numerous major geopolitical upheavals and financial crises.
Last week, OCBC reported that net profit for the second quarter fell 7 per cent from a year ago to S$1.8 billion amid a drop in net interest income due to lower net interest margin.
Wong noted continued headwinds from tariffs and geopolitical tensions, and that global as well as regional growth could be slower from the second half.
Incoming CEO&rsquo s challenges
Tan Teck Long will take over as CEO on Jan 1, 2026, at a challenging time for OCBC.
Looking ahead, economic conditions are choppy in OCBC&rsquo s home market of Singapore, whose economy is heavily trade-reliant. Local businesses that OCBC services might struggle with the US&rsquo imposition of higher trade tariffs.
The group has a large exposure to Greater China, and the Chinese economy is undergoing a period of painful economic adjustment.
Other key markets of OCBC&rsquo s, namely Malaysia and Indonesia, might see their growth badly hampered by the tariffs that the US is levying on imports from these countries.
Could earnings and dividend payments come under pressure from potentially slower loan growth, soft net interest margin and deteriorating credit quality?
Nevertheless, Tan, who is deputy CEO as well as head of global wholesale banking and has more than 30 years of banking experience, will take over a strong financial services group.
OCBC is well-capitalised and has robust credit ratings of &ldquo Aa1&rdquo from Moody&rsquo s and &ldquo AA-&rdquo from both Fitch and S& P. The group offers a broad range of financial services and is anchored in Asia, where the long-term economic outlook is positive. It is well-positioned to capture opportunities from expanding Asean-Greater China connectivity.
Among others, OCBC is well-placed in private banking through its wholly owned subsidiary Bank of Singapore, life insurance in Singapore and Malaysia via GEH, and asset management through Lion Global Investors, which is one of South-east Asia&rsquo s leading asset management companies.
Last year, at DBS, then-incoming CEO Tan Su Shan admitted there were &ldquo big shoes to fill&rdquo with the departure of the long-serving and much admired Gupta.
While Wong has done a commendable job at the helm of OCBC, she was not there long enough to stamp her mark as Gupta had done. Thus, Tan may find it relatively easy to win over internal and external stakeholders.
Wong has championed the &ldquo One Group&rdquo approach to boost growth and synergy. Tan looks set to continue banking on reaping synergies from different parts of OCBC group working together in closer collaboration.
M& A
Sure, size is not everything in the financial services business. And acquisitions present challenges whether from over-stretching the balance sheet or difficulties in integration.
Nonetheless, might an OCBC led by Tan look to deploy some of its capital on acquisitions?
After all, executing well on acquisitions can add skillsets to a business and at times provide the requisite scale for a business to be more competitive.
German insurer Allianz&rsquo s failed offer to buy a majority stake in Singapore&rsquo s Income Insurance disappointed many of Income&rsquo s minority shareholders. Might OCBC&rsquo s GEH have an opportunity to buy into Income?
Elsewhere, OCBC could look to deepen its Malaysian presence, perhaps by investing in a locally owned banking franchise there or buying a foreign bank&rsquo s Malaysian business. In June, OCBC said that it has committed more than RM11 billion (S$3.3 billion) in financing to support businesses in the Johor-Singapore Special Economic Zone since 2024.
While OCBC is in good shape and has a proud history, it is critical for the group to close the gap on key performance metrics with DBS and be competitive across its various business lines and geographic markets.
Perhaps, Tan will not only get various parts of the OCBC group to work well as one and manage risk effectively, but also do a transformative acquisition to give OCBC an extra edge.
DBS' dividend payout will stay constant despite possible drop in net interest income. Reportaig next Thursday, before mkt,....
OCBC CEO-designate Tan Teck Long looks to continue &lsquo One Group&rsquo strategy, boost synergy
Tan has helped anchor success of this approach, says outgoing CEO Helen Wong
[SINGAPORE] OCBC&rsquo s incoming chief executive will continue to bank on its &ldquo One Group&rdquo approach to boost growth and synergy.
&ldquo We are an integrated financial services group, so there&rsquo s still a lot of synergies which can be reaped from working together in closer collaboration,&rdquo said Tan Teck Long, deputy CEO and head of global wholesale banking at OCBC.
Current CEO Helen Wong had &ldquo put (the bank) on the right track&rdquo for future growth with the cross-organisation strategy, Tan said at the lender&rsquo s second-quarter results briefing on Friday (Aug 1).
Giving his thoughts on the leadership succession, Tan said he had been &ldquo working very closely&rdquo with Wong in various areas since he joined the bank in 2022, which paved a good ground for the succession.
He also chairs the strategic resilience group at OCBC, which is a task force that studies major trends and risks, and recommends how to position the bank ahead.
Tan said he has a good understanding of the Asean region, given that he started his banking career in Singapore.
His time in China, where he helped to build the China franchise at his previous bank, also aided in his understanding of the Greater China region.
Meanwhile, Tan said he spent a third of his career in risk management, and the other two-thirds on the front line.
&ldquo In today&rsquo s environment, I do have a very good insight on how to stay nimble and have the right risk-reward relationship,&rdquo he said.
Addressing questions on dividends and capital management, Tan said his current focus is on growing the franchise, which includes looking for the optimal capital level to maintain in uncertain times.
Unexpected move
In July, OCBC announced that Hong Kong-born Wong was stepping down from the top job, in a move that analysts touted as unexpected, given her short four-year tenure.
Wong said she decided to retire as she wanted to spend more time with her family in Hong Kong, and noted that she had informed the board of her intention to leave early last year.
She said the bank has &ldquo always identified internal candidates&rdquo for key positions. When she took on the role of CEO, quite a number of her new management team were also internally selected, she noted.
&ldquo This is important because it ensures continuity, stability and also alignment with our long-term strategic goals,&rdquo she said.
OCBC also conducted a global search for CEO, before the board &ldquo unanimously&rdquo chose Tan as the successor.
Tan had been &ldquo anchoring the success of our &lsquo One Group&rsquo approach&rdquo , having been a strategic member of the lender&rsquo s corporate strategy, Wong said.
OCBC warns of greater challenges in H2 as &lsquo chain reaction&rsquo from US tariffs unfolds
First-half results were &lsquo stronger than anticipated&rsquo , says group CEO Helen Wong
[SINGAPORE] While OCBC posted &ldquo stronger than anticipated&rdquo results in the first half of 2025, the lender will likely face more challenges in the second half, said group chief executive officer Helen Wong.
OCBC benefited in the first half from better-than-expected gross domestic product growth across the region, boosted by front-loading activities ahead of US tariffs and government policy support, she said at the bank&rsquo s second-quarter results briefing on Friday (Aug 1).
But the second half will be clouded by uncertainty and challenges from tariffs and heightened geopolitical tensions, inflationary impact, as well as further fragmentation of global trade, she added.
The bank on Friday posted a 7 per cent fall in Q2 net profit to S$1.82 billion, largely due to a decline in interest rates in Singapore and Hong Kong.
While the earnings beat the S$1.79 billion consensus forecast by a Bloomberg poll of six analysts, OCBC expects global and regional growth to be slower in H2.
OCBC head of global wholesale banking Tan Teck Long said the chain reaction caused by US tariffs &ldquo hasn&rsquo t fully manifested itself yet&rdquo .
When tariffs charged on China were in the triple digits, its merchandise found its way to other markets, causing some local businesses to suffer from intense competition, said Tan, who is also deputy CEO and slated to take over the top job in 2026.
He noted a silver lining, however, for many businesses that import raw materials for activities conducted domestically, especially in Singapore.
The construction industry could benefit from a lower cost of raw materials, for example.
Customers are also re-evaluating their investment decisions due to the uncertainty, although trading flows are still &ldquo business as usual&rdquo .
&ldquo So depending on (how the tariffs pan out), there&rsquo s a chain reaction, which currently is still developing,&rdquo he said.
Tan said OCBC&rsquo s loan growth remains healthy in H1 as many of the industry sectors it focused on derive their demand domestically or regionally.
In H2, the lender will continue to look into these areas &ndash which include data centre projects, real estate in Singapore and project financing &ndash to meet its mid-single-digit loan growth target for 2025, he said.
Trade tariffs have a first order impact on 3 per cent of OCBC&rsquo s loan book, while two-thirds of its book are in sectors with strong domestic focus.
Meanwhile, to account for uncertainty and volatility, the lender put aside additional expected credit losses for Q1 and Q2 as trade negotiations progressed.
This included overlays for businesses hit by tariffs or a slowdown in global trade.
Wong said the lender will continue to review its overlays as tariff negotiations continue.
Currently, she does not see significant weakness in OCBC&rsquo s portfolio, although she highlighted that the Hong Kong commercial real estate sector remains a closely watched area.
Nevertheless, Wong maintains a long-term positive on regional growth.
She said: &ldquo Asia is still the place to be, and trade, investment and wealth flows across the Asean and Greater China region continues.&rdquo
OCBC trims full-year NIM guidance Q2 profit slips 7% to S$1.82 billion
The lender declares an interim dividend of S$0.41 per share, in line with its 50% interim payout policy
[SINGAPORE] OCBC has lowered its target net interest margin (NIM) for FY2025 to a range of 1.9 to 1.95 per cent, down five to 10 basis points (bps) from an earlier range of around 2 per cent.
During the second quarter, &ldquo reduction in loan yields outpaced the drop in deposit costs&rdquo , said OCBC group chief financial officer Goh Chin Yee on Friday (Aug 1).
She was speaking at the bank&rsquo s Q2 results briefing for the three months ended Jun 30, for which OCBC &ndash the first of Singapore&rsquo s three local lenders to report earnings &ndash posted a 7 per cent year-on-year decline in net profit to S$1.82 billion.
The drop was largely due to a 6 per cent fall in net interest income to S$2.28 billion, as NIM fell 28 bps to 1.92 per cent from 2.2 per cent a year ago.
On a quarter-on-quarter basis, NIM fell 12 bps. Most of this decline was attributed to a &ldquo sharp drop&rdquo in the Singapore Overnight Rate Average (Sora) and the Hong Kong Interbank Offered Rate (Hibor) over the quarter.
The one-month and three-month compounded Sora declined by 63 bps and 49 bps, respectively, while one-month and three-month Hibor fell more steeply by 289 bps and 215 bps.
About half of OCBC&rsquo s loan book is denominated in Singapore and Hong Kong dollars. Around 80 per cent of its Singapore dollar loans and nearly all Hong Kong dollar loans are on floating rates.
As a result, the reduction in loan yields more than offset the drop in deposit costs, Goh noted.
In March, the lender announced a cut in the maximum interest rate for its flagship 360 Account to 6.3 per cent per annum on the first S$100,000, from 7.65 per cent. A further cut to 5.45 per cent took effect from Friday.
Looking ahead, Goh expects both Sora and Hibor to &ldquo stay steady&rdquo at current levels, with OCBC maintaining its assumption that the US Federal Reserve will cut rates three times for the rest of the year.
If those assumptions hold, the bank&rsquo s NIM is likely to come in &ldquo closer to the higher end&rdquo of its revised guidance range, she added.
OCBC posted an exit NIM of 1.88 per cent in June, and expects an &ldquo upward inflection&rdquo in the coming months as the deposit rate cuts flow through.
Dividend and capital return
The bank&rsquo s Q2 net profit of S$1.82 billion beat the S$1.79 billion consensus forecast in a Bloomberg poll of six analysts.
OCBC declared an interim dividend of S$0.41 per share, down from S$0.44 a year ago.
This was in line with its 50 per cent interim payout policy, said group chief executive officer Helen Wong. The bank &ldquo remains committed&rdquo to its 60 per cent total dividend payout target for FY2025, along with its S$2.5 billion two-year share buyback plan, she added.
Other full-year guidance also remained unchanged, including mid-single-digit loan growth and a cost-to-income ratio in the mid-40s.
Other business drivers
Non-interest income rose 5 per cent to S$1.26 billion, supported by a 24 per cent increase in fee income and a 6 per cent rise in trading income. These gains offset lower insurance income.
OCBC&rsquo s non-performing loan ratio held steady at 0.9 per cent. Total allowances fell to S$114 million in the quarter, down from S$144 million a year ago.
For the first half of the year, the bank posted a 6 per cent decline in net profit to S$3.7 billion. Total income slipped 1 per cent to S$7.2 billion, from S$7.26 billion a year ago.
OCBC Q2 profit falls 7% to S$1.82 billion to pay S$0.41 a share in dividends
[SINGAPORE] OCBC&rsquo s : O39 -1% net profit for the second quarter declined 7 per cent as interest rates fell.
Net profit for the three months ended Jun 30, 2025, came in at S$1.82 billion, compared with S$1.94 billion a year ago, the bank said on Friday (Aug 1).
The earnings beat the S$1.79 billion consensus forecast from a Bloomberg poll of six analysts.
OCBC is the first of Singapore&rsquo s three local banks to report its quarterly results this season.
The lender declared an interim dividend of S$0.41 per share, down from S$0.44 per share a year earlier.
Net interest income fell 6 per cent to S$2.28 billion, as net interest margin declined 28 basis points to 1.92 per cent from 2.2 per cent a year ago.
Non-interest income rose 5 per cent to S$1.26 billion, on a 24 per cent rise in fee income and 6 per cent increase in trading income, which more than offset lower insurance income.
The non-performing loan ratio stood at 0.9 per cent, unchanged from the same period last year.
Total allowances fell to S$114 million for the quarter, from S$144 million a year ago.
For the first half, net profit fell 6 per cent year on year to S$3.7 billion. Total income for the period was down 1 per cent at S$7.2 billion, from S$7.26 billion.
&ldquo Our first half 2025 results reflected resilient performance across our diversified business franchise. We expanded our loan book and maintained sound asset quality, and delivered broad-based fee income growth,&rdquo said Helen Wong, group chief executive officer at OCBC.