OCBC’s group net profit down 6% to $2.87b in H1

Interim ordinary divided is 41 Singaporean cents.

Oversea-Chinese Banking Corporation (OCBC) has reported a group net profit of $2.87b (S$3.7b) in the first half of 2025, 6% lower than the previous year.

Its banking operations net profit is $2.44b (S$3.15b), lower by 8% compared to the same period in 2024.

Interim ordinary divided is 41 Singaporean cents, representing a payout ratio of 50% in H1 2025.

Total income fell 1% to $5,58b (S$7.2b) over the same period of comparison. Whilst non-interest income rose 8% to $1.99b (S$2.57b), the net interest income fell by 5% to $3.59b (S$4.63b).

Operating expenses rose 3% to $2.17b (S$2.8b).

Net interest margin fell 25 basis points (bp) to 1.89%; whilst credit cost rose 3 bps to 18bps.

Customer deposits rose 10% to $252b (S$325b).

OCBC also reiterated its commitment to the previously announced S$2.5b capital return, which includes a special dividend amounting to 10% of the bank’s FY2025 group net profit and share buybacks over two years to be completed in 2026.

(US$1 = S$1.29; as of 4 August 2025)