OCBC could distribute $460.7m in additional capital to investors

This would equate to about 13 Singaporean cents per share.

OCBC’s shareholders may enjoy about S$600m (approximately $460.71m) or a further 13 cents per share that can be returned to them via more buybacks or potential special dividends by end-2026.

Estimates by CGS International found that there could be an additional S$1b in excess capital that can be returned to shareholders. OCBC’s special dividend for FY24-25F will amount to circa S$1.5b.

Management had earlier announced a S$2.5b capital return exercise for FY25F-26F.

To date, OCBC has conducted circa S$370m in share buybacks. This means that there could be more than S$600m, or around 13 Singaporean cents per share, to be further returned to shareholders either via more share buybacks or potential special dividends by end-FY26F, CGS International said.

(US$1 = S$1.30; as of 10 November 2025, Morningstar via Google)

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia