Overseas-Chinese Banking Corporation (SGX: O39), OCBC
ocbc Arguably the strongest of the three comes in on payday. The bank reported record total income of S$14.6 billion for FY2025, up 1% year-on-year despite a declining interest rate environment. The diversification story hit hard: non-interest income rose 16% to S$5.5 billion, wealth management fees rose 34% and insurance income Great Eastern Holdings (SGX:G07) up 17%. Net profit fell 2% to S$7.4 billion, mainly due to higher taxes from global minimum tax rules rather than operating weakness. Customer loans in constant currency grew 9% to S$341.1 billion, while the non-performing loan (NPL) ratio remained steady at 0.9% for the seventh consecutive quarter….
