In the second quarter of 2025, Oversea-Chinese Banking Corp (OCBC), Singapore’s second-largest bank, reported a 7% year-on-year net profit decline, earning S$1.82 billion (US$1.40 billion), in line with analyst expectations. The decrease was primarily driven by reduced net interest income, although the bank saw a 5% rise in non-interest income, supported by strong performances in fee and trading revenues.
Despite the challenging macroeconomic environment, OCBC remains optimistic about its resilience. Its wealth management division achieved record assets under management (AUM) of S$310 billion, fueled by net inflows and higher market valuations. The bank declared an interim dividend of 41 Singapore cents per share. CEO Helen Wong, who will retire by year-end, will be succeeded by Tan Teck Long.
OCBC Q2 2025, net interest income Singapore, OCBC profit results, wealth management growth, Singapore banks