Slides
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Group Chief Executive Officer Key Messages Helen Wong, Group Chief Executive Officer 7 November 2025 OCBC Financial Results
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2 Results overview 3Q25 performance reflected strengths of our diversified franchise ❑ 3Q25 earnings highest over last five quarters on strong Non-II growth ❑ Positive traction in wealth management (WM) strategy ➢ WM fees grew 53% YoY to a new quarterly high ➢ Sustained net new money inflows from all wealth segments drove Banking AUM to record level ❑ Robust growth in trading income and insurance income ❑ Expanded loan book across our key markets and international footprint ❑ Portfolio quality sound, NPL ratio at 0.9% for six consecutive quarters
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3 Outlook Primed for future growth 2025 financial targets ❑ Net interest income lower by mid-to-high single-digit percentage, NIM around 1.90% ❑ Mid-single-digit loan growth ❑ CIR at low 40s ❑ Credit costs around 20 bps ❑ 60% total dividend payout ratio and share buybacks Outlook ❑ Volatile operating environment from evolving trade policies and geopolitical landscape ❑ Economic growth expected to decelerate in near term ❑ Positive on regional supply chain resilience, energy transition and digitalisation opportunities ❑ Strong fundamentals and business franchise to drive resilient performance
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Thank you Disclaimer: This presentation should be read as an overview of OCBC’s current business activities and operating environment which may contain statements relating to OCBC’s growth strategy and future business aspirations. This presentation contains “forward-looking statements”, which are based on current expectations and projections about future events, and include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “plans”, “could”, “should”, “predicts”, “projects”, “estimates”, “foresees” or similar expressions or the negative thereof, as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of OCBC, and projections and forecasts of the performance of OCBC, which are not guaranteed. Such forward-looking statements, as well as those included in any other material discussed at the presentation, concern future circumstances and results and involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or achievements of OCBC to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions and estimates regarding OCBC and its subsidiaries’ present and future business strategies and the environment in which OCBC or the OCBC Group will operate in the future. Forward-looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the Company or any of its directors, agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any such forward-looking statements to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based or whether in the light of new information, future events or otherwise. Given the aforementioned risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. These statements should not be solely relied upon by investors or potential investors when making an investment decision. OCBC accepts no liability whatsoever with respect to the use of this document or its content.
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Third Quarter 2025 Results Highlights Goh Chin Yee, Group Chief Financial Officer 7 November 2025 OCBC Financial Results
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Notes: - Certain comparative figures have been restated to conform with the current period’s presentation; - Amounts less than S$0.5m are shown as “0”; - “nm” denotes not meaningful; - “na” denotes not applicable; - Figures may not sum to stated totals because of rounding. Agenda 2 01 Financial Highlights 02 Group Performance Trends
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▪ Net profit up 9% QoQ, driven by 7% revenue growth • NII down 2% QoQ as NIM moderated to 1.84%. Asset growth remains a focus • Non-II rose to quarterly high, mainly lifted by stronger fee and trading income • Wealth management franchise continued to scale up, with record WM income. Banking WM AUM up 18% YoY • Insurance business delivered strong profit contribution ▪ Asset quality remained resilient. Credit costs at 16bps; NPA coverage ratio at 160% ▪ Capital position robust with transitional CET1 CAR1/ at 16.9%, fully phased-in CET1 CAR2/ at 15.0% Performance highlights 3 Solid 3Q25 performance S$1.98bGroup Net Profit 1/ Computed based on MAS’ final Basel III reform rules with effect from 1 July 2024. 2/ Assumed the position at period end was subject to the full application of final Basel III reforms, which will take effect on 1 January 2029. unchanged YoY +7% YoYS$327b unchanged YoY / QoQ Customer Loans 3Q25 results +9% QoQ unchanged QoQ Customer Deposits +11% YoYS$411b +1% QoQ NPL Ratio 0.9% (in constant currency terms) ROE (annualised) 13.4% -0.7ppt YoY +1.1ppt QoQ
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9M25 Group net profit at S$5.68b, ROE at 12.9% Performance overview 4 (S$m) 3Q25 YoY QoQ 9M25 YoY Net Interest Income 2,226 -9% -2% 6,854 -6% Non-Interest Income 1,570 +15% +24% 4,144 +10% Total Income 3,796 – +7% 10,998 -1% Operating Expenses 1,519 +4% +9% 4,322 +3% Operating Profit 2,277 -3% +6% 6,676 -3% Allowances 139 -18% +21% 466 -4% Net Profit 1,978 – +9% 5,677 -4% Group Performance
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284 310 336 Sep 24 Jun 25 Sep 25 5 1/ Wealth Management income comprises the consolidated income from private banking, premier private client, premier banking, insurance, asset management and stockbroking. ■ Banking Operations net profit grew 3% QoQ, lifted by record Non-II ■ Group WM income up 25% to a new high ■ Profit contribution from GEH rose 50% QoQ, mainly from improved investment performance Performance reflected strength of One Group franchise Performance highlights Total Income (S$m)Net Profit (S$m) 305 325 327 Sep 24 Jun 25 Sep 25 Customer Loans (S$b) 369 407 411 Sep 24 Jun 25 Sep 25 Customer Deposits (S$b) and CASA ratio Banking WM AUM (S$b)Group WM Income (S$m) Profit contribution from GEH (S$m) NBEV (S$m) and Margin 1/ 48.4% 49.8% 50.3% InsuranceBanking As % of Group income 1,720 1,585 1,631 3Q24 2Q25 3Q25 34% 37% 43% 918 926 1,089 377 369 531 1,295 1,295 1,621 3Q24 2Q25 3Q25 254 231 347 3Q24 2Q25 3Q25 +25% Total Weighted New Sales (S$m) 391 364 373 +7% unchanged +11% +1% (in constant ccy terms) 2,390 2,230 2,173 1,035 947 1,092 3,425 3,177 3,265 3Q24 2Q25 3Q25 +3% Non-Interest Income Net Interest Income -5% +18% +8% Banking Wealth Management Insurance -5% +3% +37% +50% -5% +3% 39.9% 46.1% 48.8% 156 168 182 3Q24 2Q25 3Q25 +17% +9% +25%
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50% 27% 7% 16% 45% 26% 11% 18% Global Wholesale Banking Global Consumer / Private Banking Global Markets Insurance 57% 12% 5% 19% 7% 53% 14% 5% 21% 7% Singapore Malaysia Indonesia Greater China Others Earnings diversified across businesses and geographies 6 Performance review 9M25 9M24 1/ Operating profit by key businesses excluded associates, and the Others segment which comprises mainly property holding, investment holding and items not attributable to key business segments. 9M25 9M24 Operating Profit by Key Businesses 1/ Operating Profit by Geography
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Agenda 7 01 Financial Highlights 02 Group Performance Trends
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7,300 6,854 2,433 2,455 2,345 2,283 2,226 3Q24 4Q24 1Q25 2Q25 3Q25 9M24 9M25 2.22% 1.93%2.18% 2.15% 2.04% 1.92% 1.84% 8 1Q22 Net interest income Net Interest Income (S$m) Net Interest Margin ■ 3Q25 NII moderated QoQ as NIM declined, partly offset by average asset growth ■ 3Q25 NIM lower by 8bps QoQ, largely due to faster downward repricing of loans from the decline of benchmark rates in SGD and other currencies, which outpaced the decline in deposits costs Continued focus on asset growth to support NII Average IEA (S$b) 443 454 467 476 481 440 475 Average Customer Deposits (S$b) 368 381 392 404 410 368 402 2Q25 Volume Rate Days 3Q25 Negative on NII Positive on NIINII (S$m) Negative on NIM Positive on NIMNIM 2Q25 3Q25 Loan yield Funding costs & others1/ Treasury markets asset growth 1/ Others include cashflow hedges. 3Q25 QoQ Analysis 2Q23 QoQ +44% YoY +44%9M25 YoY -6% YoY -9% QoQ -2% 3Q25 Treasury markets asset yield
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9 Non-interest income Non-interest Income (S$m) Net fees & commissions Trading income Net gains from sale of investment securities and others 1/ Life & General Insurance % of Group Income 9M25 Non-II up 10% YoY 1/ “Others” include disposal of properties, rental and property-related income, and dividends from FVOCI securities. 34.0% 37.7%36.0% 28.1% 35.8% 35.6% 41.4% 2Q23 QoQ +44% YoY +44%9M25 YoY +10% YoY +15% QoQ +24% 3Q25 508 517 546 580 683 508 303 396 375 518 120 40 62 83 58233 101 306 226 3111,369 961 1,310 1,264 1,570 1,454 1,809 1,234 1,289 255 203 815 843 3,758 4,144 3Q24 4Q24 1Q25 2Q25 3Q25 9M24 9M25 ■ 9M25 and 3Q25 Non-II up YoY , lifted by strong fee, trading and insurance income
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10 Non-interest income Net Fees & Commissions (S$m) Wealth Management Brokerage & Fund Management Loan, Trade, Guarantees & Remittances Investment Banking Others 1/ Wealth management comprises mainly income from private banking, and sales of unit trusts, bancassurance products, structured deposits and other treasury products to consumer customers. 2/ “Others” includes credit card fees, service charges and other fee and commission income. 1/ 2/ Record 3Q25 WM performance lifted 9M25 fees to a new high 2Q23 QoQ +44% YoY +44%9M25 YoY +24% YoY +34% QoQ +18% 3Q25 245 246 269 279 376 41 43 46 47 55 129 129 136 130 141 35 27 29 48 46 58 72 66 76 65 508 517 546 580 683 685 923 120 148368 406 81 123 200 209 1,454 1,809 3Q24 4Q24 1Q25 2Q25 3Q25 9M24 9M25 ■ 9M25 and 3Q25 fee income lifted by elevated customer activities ■ 9M25 wealth management fees up 35% YoY , driven by broad-based growth from all product channels, as customers deployed funds across asset classes
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848 967 386 322 1,234 1,289 306 265 306 288 373 202 38 90 87 145 508 303 396 375 518 3Q24 4Q24 1Q25 2Q25 3Q25 9M24 9M25 11 Customer Flow Non-Customer Flow Trading Income (S$m) Non-interest income 9M25 trading income increased YoY to S$1.29b ■ 9M25 trading income rose, underpinned by higher customer flow treasury income ■ 3Q25 trading income up QoQ, from stronger customer flow treasury income and improved investment performance 2Q23 QoQ +44% YoY +44%9M25 YoY +4% YoY +2% QoQ +38% 3Q25
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987 999 984 947 1,007 273 308 277 279 296 203 253 154 163 216 1,463 1,560 1,415 1,389 1,519 2,838 2,938 754 852 590 532 4,182 4,322 3Q24 4Q24 1Q25 2Q25 3Q25 9M24 9M25 12 Operating expenses Cost-to-income (CIR) Staff costs Property & equipment Others Operating Expenses (S$m) 9M25 CIR at 39.3%; costs well managed, up 3% YoY 2Q23 QoQ +44% YoY +44%9M25 YoY +3% YoY +4% QoQ +9% 3Q25 ■ 9M25 expenses grew YoY , mainly due to increased staff costs and investments in technology ■ Cost discipline with 9M25 CIR below 40% 37.8% 39.3%38.5% 45.7% 38.7% 39.1% 40.0%
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22% 30% 8% 11% 9% 5% 6% 9% 22% 28% 8% 11% 10% 5% 7% 9% 129 134 136 139 141 25 26 26 27 2719 19 19 18 17 69 74 73 70 70 63 66 68 71 72 305 319 322 325 327 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 13 Loans Notes: Loans by geography are based on where the credit risks reside. 1/ Loans booked in Mainland China, where credit risks reside. 2/ Loans booked outside of Mainland China, but with credit risks traced to China. Singapore Malaysia Indonesia Greater China Rest of the world (S$b) ■ YoY loan growth broad- based, driven by both consumer and corporate loans ■ Corporate, SME and Consumer/Private Banking comprise 55%, 8% and 36% of loan book respectively Loans grew 7% YoY to S$327b +9% Housing loans Building & construction FIs, investment & holding cos Professionals & individuals General commerce Manufacturing Others Transport, storage & communication unchanged in constant ccy terms 43% 8% 5% 22% 22% S$327b Sep 25 % of Group Loans Singapore Greater China Rest of the world Indonesia Malaysia Sep 25 Sep 24 2Q23 QoQ +44% YoY +44% Sep 25 YoY QoQ +7% +1%+7% +7% +1% in constant ccy terms Loans by Geography Loans by Industry 32 22 7 5 4 Sep 25 Hong Kong Offshore 2/ Mainland China 1/ Taiwan Macau (S$b) 70
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14 Asset quality Loan portfolio quality remained sound 2Q23 QoQ +44% YoY +44% Sep 25 YoY QoQ +7% -1%Non-performing assets (NPAs) 3Q24 2Q25 3Q25 9M24 9M25 (S$m) At start of period 2,901 2,916 3,009 2,901 2,869 Corporate/ Commercial Banking and Others New NPAs 285 256 349 610 745 Net recoveries/ upgrades (256) (158) (251) (440) (473) Write-offs (57) (64) (100) (214) (142) (28) 34 (2) (44) 130 Consumer Banking/ Private Banking (74) 148 (53) (75) 78 Foreign currency translation (2) (89) 35 15 (88) At end of period 2,797 3,009 2,989 2,797 2,989 NPL Ratio (%) 0.9 0.9 0.9 0.9 0.9 ■ NPL ratio stable at 0.9% for the past 6 quarters
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371 299 112 167 483 466 37 155 94 65 140 132 53 118 49 (1) 169 208 212 114 139 3Q24 4Q24 1Q25 2Q25 3Q25 9M24 9M25 15 22 21 24 12 16 17 17 6 15 11 7 16 13 11 Allowances for non-impaired assets Allowances for impaired assets Allowances (S$m) Credit costs (bps) 1/ Total Impaired 1/ Credit costs refer to allowances for loans as a percentage of average loans, on annualised basis. Allowances 9M25 allowances lower YoY 2Q23 QoQ +44% YoY +44%9M25 YoY -4% YoY -18% QoQ +21% 3Q25 ■ 9M25 credit costs at an annualised 17bps ■ 9M25 allowances lower YoY mainly due to decline in allowances for impaired assets. Allowances for non- impaired assets higher, with increased allowances for macro uncertainties ■ 3Q25 allowances comprised mainly allowances for impaired assets
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16 Allowances Regulatory Loss Allowance Reserve (“RLAR”) Allowances for non-impaired assets Allowances for impaired assets Total NPA coverage Cumulative allowances (S$m) ■ NPA coverage ratio up QoQ, while performing loans coverage ratio held steady at 0.9% NPA coverage ratio at 160% 2Q23 QoQ +44% YoY +44% Sep 25 YoY QoQ +4% +2% Allowances for non-impaired loans / Performing loans 164% 159% 162% 156% 160% 1,395 1,280 1,374 1,332 1,409 2,737 2,823 2,916 2,905 2,922 455 455 444 444 445 4,587 4,558 4,734 4,681 4,776 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 0.9% 0.9% 0.9% 0.9% 0.9%
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17 Deposits Customer Deposits (S$b) CASA Fixed Deposits CASA ratio Others Group LDR SGD LDR USD LDR ■ Total deposits up 1% QoQ mainly from CASA growth ■ CASA deposits increased YoY from corporate and consumer segments ■ CASA ratio rose to 50.3% Deposit QoQ growth supported by CASA increase 179 191 197 203 206 154 161 165 164 165 36 39 41 40 40 369 391 403 407 411 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 48.4% 48.8% 48.9% 49.8% 50.3% 81.6% 80.7% 78.9% 78.7% 78.6% 2Q23 QoQ +44% YoY +44% Sep 25 YoY QoQ +11% +1% 83.0% 82.1% 78.5% 79.8% 78.8% 48.1% 50.7% 51.8% 49.3% 47.2%
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18 Balance sheet ■ Diversified funding structure with 80% from customer deposits ■ Strong credit ratings of Aa1 from Moody’s, and AA- from Fitch and S&P respectively ■ Funding and liquidity ratios above regulatory requirements Customer deposits Bank deposits Debts issued Capital and reserves CompositionGroup LDR (%) Robust balance sheet supports strategy for long-term growth 81.6 78.7 78.6 Sep 24 Jun 25 Sep 25 NSFR (%) 114 113 114 Sep 24 Jun 25 Sep 25 141 136 141 142 136 3Q24 2Q25 3Q25 9M24 9M25 All-ccy LCR (%) Loans-to-Deposits Ratio Funding Liquidity 80% 3% 5% 12% S$512b Sep 25
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15.6 15.3 15.5 15.3 15.0 1.6 1.8 2.1 1.7 1.9 17.2 17.1 17.6 17.0 16.9 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 Fully phased-in CET1 CAR Transitional CET1 CAR 19 CapitalCapital ■ Strong capital base supports franchise growth and provides buffers against uncertainties Solid capital position 227 236 238 239 240 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 39.0 40.4 41.8 40.7 40.4 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 CET1 CAR (%) 2Q23 QoQ +44% YoY +44% Sep 25 YoY QoQ -0.3ppt -0.1ppt 1/ Refer to footnote 1 on slide 3. 2/ Refer to footnote 2 on slide 3. 1/ CET1 Capital (S$b) RWA (S$b) 2/
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Thank you Disclaimer: This presentation should be read as an overview of OCBC’s current business activities and operating environment which may contain statements relating to OCBC’s growth strategy and future business aspirations. This presentation contains “forward-looking statements”, which are based on current expectations and projections about future events, and include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “plans”, “could”, “should”, “predicts”, “projects”, “estimates”, “foresees” or similar expressions or the negative thereof, as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of OCBC, and projections and forecasts of the performance of OCBC, which are not guaranteed. Such forward-looking statements, as well as those included in any other material discussed at the presentation, concern future circumstances and results and involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or achievements of OCBC to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions and estimates regarding OCBC and its subsidiaries’ present and future business strategies and the environment in which OCBC or the OCBC Group will operate in the future. Forward-looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the Company or any of its directors, agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any such forward-looking statements to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based or whether in the light of new information, future events or otherwise. Given the aforementioned risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. These statements should not be solely relied upon by investors or potential investors when making an investment decision. OCBC accepts no liability whatsoever with respect to the use of this document or its content.