Singapore's OCBC Posts First Half 2025 Net Profit of S$3.70 Billion

Oversea-Chinese Banking Corporation (OCBC) reported a first-half 2025 net profit of S$3.70 billion, exceeding expectations. The Singaporean lender's Q2 profit matched forecasts, but its net interest income for the year is expected to be lower due to a challenging operating environment. OCBC's CEO, Helen Wong Pik Kuen, will retire on December 31, 2025, and Tan Teck Long will succeed her.

Singapore's Oversea-Chinese Banking Corporation (OCBC) reported its first-half 2025 net profit of S$3.70 billion, surpassing expectations. The Singaporean lender's second-quarter net profit matched forecasts, coming in at S$1.82 billion, down from S$1.94 billion a year earlier. However, OCBC lowered its net interest income expectation for 2025 due to a challenging operating environment [1].

The bank's net interest margin declined to 1.92% in the second quarter, down from 2.20% a year earlier. OCBC expects its 2025 net interest income to be lower by a mid-single-digit percentage, projecting its net interest margin to be in the range of 1.90% to 1.95% [1].

OCBC maintained its other 2025 financial targets. The bank's CEO, Helen Wong Pik Kuen, will retire at the end of this year, and Tan Teck Long, OCBC's head of global wholesale banking, will succeed her [1].

OCBC is the first Singaporean lender to report earnings for the second quarter. The bank follows other major global lenders, which reported a mixed bag of results this week. Standard Chartered reported a higher-than-expected 26% jump in first-half pretax profit, while HSBC Holdings reported a sharper-than-expected drop in profit [1].

Rivals DBS Group and United Overseas Bank are scheduled to report their financial results on August 7 [1].

References:
[1] https://www.reuters.com/markets/asia/singapores-ocbc-sees-lower-2025-net-interest-income-q2-profit-matches-forecasts-2025-07-31/
[2] https://www.marketscreener.com/news/singapore-s-ocbc-sees-lower-2025-net-interest-income-q2-profit-matches-forecasts-ce7c5fd2d88cf024