Earnings release
Page 1
> OCBC Media Release OCBC Group First Half 2026 Net Profit Grew 13 % to a Record S $ 4.19 billion Second quarter net profit up 22 % from a year ago Interim dividend of 47 cents declared , up 15 % from 41 cents a year ago Singapore , 7 August 2026 - Oversea - Chinese Banking Corporation Limited ( " OCBC " ) reported a record net profit of S $ 4.19 billion for the first half of 2026 ( " 1H26 ” ) , up 13 % from the previous year ( " 1H25 " ) . Total income grew 11 % to S $ 8.00 billion , underpinned by record non - interest income which more than compensated for the decline in net interest income amid softer interest rates . Non - interest income rose 36 % , lifted by record highs across fees , trading and insurance income . Cost - to - income ratio ( " CIR " ) improved year - on - year to 38.5 % . Loans and deposits continued to grow , reflecting sustained momentum across the franchise . Asset quality remained healthy with non - performing loan ( " NPL ” ) ratio stable at 0.9 % , while allowance coverage for non - performing assets ( " NPAs ” ) was 163 % . The Group maintained a strong capital and liquidity profile , supporting growth and resilience . Annualised earnings per share was higher at S $ 1.86 , with ROE higher at 13.7 % . For the first half of 2026 , the Board has declared an interim ordinary dividend of 47 cents , up 15 % or 6 cents from a year ago . This represents a payout ratio of 50 % of 1H26 Group net profit . The Group remains committed to completing its previously announced S $ 2.5 billion capital return by FY26 . 1H26 Performance Highlights YOY Total Income S $ 8.00b + 11 % Group Net Profit Net Interest Income S $ 4.49b -3 % S $ 4.19b + 13 % YOY Non - Interest Income S $ 3.51b + 36 % ROE ( annualised ) 13.7 % + 1.1ppt YoY Operating Expenses Net Interest Margin Credit Costs Customer Loans S $ 3.08b + 10 % 1.73 % -25bps 18bps unchanged S $ 364b + 11 % ( % change based on constant currency terms ) Dividend 47 cents + 15 % YoY Customer Deposits S $ 459b + 13 % NPL Ratio 0.9 % unchanged EPS ( annualised ) S $ 1.86 + 14 % YoY CET1 CAR Transitional final Basel III reforms Fully phased - in final Basel III reforms 15.7 % 14.0 % Co.Reg.no .: 193200032W 1
Page 2
Co.Reg.no.: 193200032W 2 First Half 2026 Performance S$ million 1H26 1H25 YoY (%) Net interest income 4,486 4,628 -3 Non-interest income 3,512 2,574 +36 of which: Fees and commissions 1,414 1,126 +26 Trading income 1,129 771 +46 Income from life and general insurance 791 532 +49 Total income 7,998 7,202 +11 Operating expenses (3,080) (2,804) +10 Operating profit before allowances 4,918 4,398 +12 Allowances (372) (326) +14 Amortisation of intangible assets (9) (11) -13 Associates 637 537 +19 Profit before income tax 5,174 4,598 +13 Tax and NCI (979) (899) +9 Group net profit 4,195 3,699 +13 Group EPS (S$) – annualised 1.86 1.64 +14 Group ROE – annualised 13.7% 12.6% +1.1ppt 1H26 Year-on-Year Performance Group net profit was S$4.19 billion, 13% above S$3.70 billion a year ago. ➢ Net interest income declined 3% to S$4.49 billion, amid a lower interest rate environment. Net interest margin (“NIM”) compression was partly compensated by an 11% growth in average asset volume. NIM was 1.73%, 25 basis points below the previous year. ➢ Non-interest income rose 36% to a record S$3.51 billion, accounting for close to 44% of total income, up from 36% a year ago. • Net fee income grew 26% to S$1.41 billion, underpinned by strong wealth management, loan and trade-related and investment banking fees. Wealth management fees rose 39%, supported by increased customer activity across all wealth product channels, and accounted for 63% of total fee income. • Net trading income was up 46% to S$1.13 billion from the previous year. Customer flow income grew 47%, driven by robust wealth -related activities and hedging demand from corporate customers. Non-customer flow income was higher, largely from investment income attributable to Great Eastern Holdings (“GEH”), reflecting stronger equity markets performance. • Insurance income from GEH increased 49% to S$791 million, underpinned by robust underlying insurance and investment performance. Total weighted new sales (“TWNS”) and new business embedded value (“NBEV”) grew by 15% and 28% respectively supported by stronger sales momentum and improved product mix. NBEV margin improved to 49.8%, from 44.7% a year ago.
Page 3
Co.Reg.no.: 193200032W 3 ➢ The Group’s wealth management (“WM”) income, comprising income from private banking, premier private client, premier banking, insurance, asset management and stockbroking, increased 27% to a record high of S$3.29 billion, supported by broad -based growth across the wealth continuum. Group WM income contributed 41% of total income, up from 3 6% in the previous year. Banking WM AUM rose 13% to a new high of S$350 billion, driven by net new money inflows from all wealth segments. ➢ Operating expenses were S$3.08 billion, up 10% from the previous year. Staff costs mainly reflected higher performance -linked remuneration, and continued investments in talent and t echnology to enhance business capabilities. CIR was 38.5% for 1H26, lower compared to 38.9% a year ago. ➢ Total allowances rose by 14% to S$372 million, mainly from higher allowances for non-impaired assets. ➢ Share of results of associates grew 19% to S$637 million. ➢ The Group’s annualised return on equity was 13.7%, up from 12.6% in the preceding year. Annualised earnings per share increased 14% to S$1.86. Second Quarter 2026 Performance S$ million 2Q26 2Q25 YoY (%) 1Q26 QoQ (%) Net interest income 2,264 2,283 -1 2,222 +2 Non-interest income 1,906 1,264 +51 1,606 +19 of which: Fees and commissions 739 580 +28 675 +10 Trading income 695 375 +85 434 +60 Income from life and general insurance 382 226 +68 409 -7 Total income 4,170 3,547 +18 3,828 +9 Operating expenses (1,575) (1,389) +13 (1,505) +5 Operating profit before allowances 2,595 2,158 +20 2,323 +12 Allowances (156) (114) +36 (216) -28 Amortisation of intangible assets (4) (6) -12 (5) -2 Associates 325 263 +24 312 +4 Profit before income tax 2,760 2,301 +20 2,414 +14 Tax and NCI (539) (485) +11 (440) +23 Group net profit 2,221 1,816 +22 1,974 +12 Group EPS (S$) – annualised 1.96 1.60 +23 1.76 +11 Group ROE – annualised 14.4% 12.3% +2.1ppt 13.0% +1.4ppt
Page 4
Co.Reg.no.: 193200032W 4 2Q26 Quarter-on-Quarter Performance Group net profit was S$2.22 billion, 12% higher compared to S$1.97 billion in the prior quarter. ➢ Net interest income grew 2% from the previous quarter to S$2.26 billion, as a downward repricing of loans and an increase in wholesale funding costs were more than compensated by a 5% increase in average assets, driven by growth in loans and high-quality assets. ➢ Non-interest income rose 19% to S$1.91 billion, largely driven by broad-based growth in fee income and trading income. Wealth management fees grew 12% from the previous quarter to a record high of S$470 million. Trading income increased 60% quarter-on-quarter to a record high of S$695 million. Customer flow income was supported by both wealth and corporate segments. N on-customer flow income rose, largely due to investment income from GEH on the back of the equity markets rebound post 1Q26. ➢ Operating expenses rose 5% during the quarter. CIR was 37.8%, lower compared to 39.3% a quarter ago. ➢ Total allowances were S$ 156 million, down 28% quarter -on-quarter, mainly from a decline in allowances for non-impaired assets. Credit costs were an annualised 14 basis points, lower as compared to 23 basis points in 1Q26. ➢ Share of results of associates was up 4% to S$325 million. 2Q26 Year-on-Year Performance Group net profit was 22% above the previous year. ➢ Net interest income fell 1% from the previous year. While NIM declined by 22 basis points in a lower interest rate environment, the impact was partly cushioned by a 12% growth in average assets. ➢ Non-interest income increased 51% year-on-year, driven by strong broad-based growth across fee, trading and insurance income, which rose 28%, 85% and 68% respectively. ➢ Operating expenses rose 13% compared to 2Q25, and CIR was 37.8%, compared to 39.1% a year ago. ➢ Total allowances of S$156 million were higher than a year ago , mainly from higher allowances for impaired assets. ➢ Share of results of associates increased 24% to S$325 million.
Page 5
Co.Reg.no.: 193200032W 5 Asset Quality and Allowances S$ million Jun 2026 Jun 2025 Mar 2026 YoY QoQ Non-performing assets (NPAs) 3,132 3,009 3,120 +4% – Non-performing loan (NPL) ratio 0.9% 0.9% 0.9% – – Total NPA coverage 163% 156% 163% +7ppt – Allowances (S$ million) 1H26 1H25 2Q26 2Q25 1Q26 Allowances for loans and other assets 372 326 156 114 216 of which: Impaired 147 159 122 65 25 Non-impaired 225 167 34 49 191 Credit costs (bps) 1/ 1H26 1H25 2Q26 2Q25 1Q26 Total loans 18 18 14 12 23 of which: Impaired loans 8 9 12 7 4 1/ Credit costs refer to allowances for loans as a percentage of average loans, on annualised basis. Non-performing assets (“NPAs”) ➢ Total NPAs as at 30 June 2026 were S$3.13 billion, up 4% from a year ago. ➢ During the quarter, new corporate NPA formation was partly compensated by net recoveries, upgrades and write-offs. ➢ NPL ratio was stable at 0.9%, and total NPA coverage was 163%. Allowances ➢ For 1H26, total allowances were up 14% at S$372 million, comprising: • Allowances for impaired assets of S$147 million, which were lower than S$159 million in the previous year; and • Allowances for non-impaired assets of S$225 million, which included management overlays set aside to reflect the macroeconomic uncertainties. ➢ 2Q26 total allowances were S$156 million, below the previous quarter. ➢ Credit costs were an annualised 18 basis points for 1H26.
Page 6
Co.Reg.no.: 193200032W 6 Strong Funding, Liquidity and Capital Position S$ billion Jun 2026 Jun 2025 Mar 2026 YoY QoQ Loans 364 325 347 +12% +5% % ∆ in constant currency terms +11% +5% Deposits 459 407 444 +13% +3% of which: CASA deposits 226 203 223 +12% +1% CASA ratio 49.3% 49.8% 50.2% -0.5ppt -0.9ppt Leverage ratio 1/ 6.5% 7.3% 7.0% -0.8ppt -0.5ppt All-ccy LCR (for quarter ended) 131% 136% 138% -5ppt -7ppt CET1 CAR Transitional final Basel III reforms 1/ 15.7% 17.0% 17.0% -1.3ppt -1.3ppt Fully phased-in final Basel III reforms 2/ 14.0% 15.3% 15.2% -1.3ppt -1.2ppt 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. ➢ As at 30 June 2026, customer loans were S$364 billion, up 11% from a year ago and 5% from the previous quarter on a constant currency basis. • The year-on-year expansion in loans was broad-based across industries and geographies. • Sustainable financing loans rose 12% year-on-year to S$59.7 billion and accounted for 16% of Group loans, while total commitments stood at S$84.2 billion. ➢ Customer deposits increased 13% year-on-year to S$459 billion, primarily supported by CASA deposit growth and higher fixed deposits. ➢ Loans-to-deposits ratio was 78.4%, higher compared to 77.2% in the previous quarter. ➢ The Group’s CET1 CAR is subject to MAS’ final Basel III reforms requirements which came into effect on 1 July 2024 and are being progressively phased in between 1 July 2024 and 1 January 2029. Group CET1 CAR as at 30 June 2026 was 15.7%, and on a fully phased-in basis, it was 14.0%.
Page 7
Co.Reg.no.: 193200032W 7 Interim Dividend Dividend (Cents Per Share) 2026 2025 Interim dividend 47 41 ➢ An interim dividend of 47 cents per share has been declared. ➢ The interim dividend payout will amount to S$2.11 billion, representing a payout ratio of 50%. ➢ The Scrip Dividend Scheme will not be applicable to the interim dividend.
Page 8
Co.Reg.no.: 193200032W 8 Message from Group CEO, Tan Teck Long “Our first half 2026 results reflected strong momentum across our diversified franchise, with Group net profit rising 13% year-on-year to a record S$4.19 billion. Total income grew 11% year-on-year to S$8.00 billion, underpinned by strong performance across our Banking, Wealth Management and Insurance businesses as we continued to execute our Next Frontier strategy. We achieved record non-interest income of over S$3.51 billion, which more than offset lower net interest income amid a softer interest rate environment. Wealth management income continued to perform strongly, rising 27% to a record S$3.29 billion. Even as customer loans grew 11% year-on-year on a constant currency basis, asset quality remained sound, with our NPL ratio stable at 0.9%. Looking ahead, global conditions remain uncertain amid geopolitical tensions and elevated inflation risks. Much of the near-term outlook will depend on the easing of Asia’s energy crunch brought about by the war in the Middle East. Meanwhile, AI and related technology sectors continue to register strong growth. With our strong capital, funding and liquidity position, diversified income streams and disciplined risk management, we are well positioned to navigate uncertainties and tap the growth sectors to deliver sustainable long-term value.”
Page 9
Co.Reg.no.: 193200032W 9 FINANCIAL HIGHLIGHTS S$ million 1H26 1H25 +/(-) 2Q26 2Q25 +/(-) 1Q26 +/(-) % % % Selected Income Statement Items Net interest income 4,486 4,628 (3) 2,264 2,283 (1) 2,222 2 Non-interest income 3,512 2,574 36 1,906 1,264 51 1,606 19 Total income 7,998 7,202 11 4,170 3,547 18 3,828 9 Operating expenses (3,080) (2,804) 10 (1,575) (1,389) 13 (1,505) 5 Operating profit before allowances and amortisation 4,918 4,398 12 2,595 2,158 20 2,323 12 Amortisation of intangible assets (9) (11) (13) (4) (6) (12) (5) (2) Allowances for impaired assets (147) (159) (7) (122) (65) 87 (25) 379 Allowances for non-impaired assets (225) (167) 34 (34) (49) (32) (191) (82) Operating profit after allowances and amortisation 4,537 4,061 12 2,435 2,038 19 2,102 16 Share of results of associates, net of tax 637 537 19 325 263 24 312 4 Profit before income tax 5,174 4,598 13 2,760 2,301 20 2,414 14 Net profit attributable to equity holders 4,195 3,699 13 2,221 1,816 22 1,974 12 Selected Balance Sheet Items Ordinary equity 61,648 58,073 6 61,648 58,073 6 62,006 (1) Equity attributable to equity holders of the Bank 63,346 59,773 6 63,346 59,773 6 63,704 (1) Total assets 729,887 644,794 13 729,887 644,794 13 703,124 4 Assets excluding investment securities and other assets for life insurance funds 620,165 540,659 15 620,165 540,659 15 596,371 4 Net loans to customers 359,888 320,413 12 359,888 320,413 12 342,756 5 Deposits of non-bank customers 458,922 406,943 13 458,922 406,943 13 443,808 3
Page 10
Co.Reg.no.: 193200032W 10 FINANCIAL HIGHLIGHTS (continued) 1H26 1H25 2Q26 2Q25 1Q26 Key Financial Ratios (%) Performance ratios Return on equity 1/ 2/ 4/ 13.7 12.6 14.4 12.3 13.0 Return on assets 3/ 4/ 1.42 1.40 1.46 1.35 1.37 Revenue mix/efficiency ratios Net interest margin 4/ 1.73 1.98 1.70 1.92 1.76 Non-interest income to total income 43.9 35.7 45.7 35.6 41.9 Cost-to-income 38.5 38.9 37.8 39.1 39.3 Loans-to-deposits 78.4 78.7 78.4 78.7 77.2 NPL ratio 0.9 0.9 0.9 0.9 0.9 Capital adequacy ratios 8/ Common Equity Tier 1 15.7 17.0 15.7 17.0 17.0 Tier 1 16.3 17.8 16.3 17.8 17.7 Total 18.2 19.6 18.2 19.6 19.7 Leverage ratio 5/ 8/ 6.5 7.3 6.5 7.3 7.0 Liquidity coverage ratios 6/ 8/ Singapore dollar 282 273 231 272 333 All-currency 135 134 131 136 138 Net stable funding ratio 7/ 8/ 109 113 109 113 113 Earnings per share (S$) 2/ 4/ Basic earnings 1.86 1.64 1.96 1.60 1.76 Diluted earnings 1.86 1.63 1.96 1.60 1.76 Net asset value per share (S$) 13.73 12.92 13.73 12.92 13.82 Notes: 1. Other equity instruments and non-controlling interests are not included in the computation for return on equity. 2. Calculated based on net profit less distributions on other equity instruments paid and estimated to be due at the end of the financial period. 3. Computation of return on assets excludes investment securities and other assets for life insurance funds. 4. Return on equity, return on assets, net interest margin and earnings per share are computed on an annualised basis. 5. The Group’s Leverage ratio is computed based on MAS Notice 637. 6. The Group’s Liquidity coverage ratios (“LCR ”) are computed based on MAS Notice 649 and reported based on the average LCR for the respective periods. 7. The Group’s Net stable funding ratio is computed based on MAS Notice 652. 8. Public disclosures required under MAS Notice 637, MAS Notice 651 and MAS Notice 653 can be found in the Capital and Regulatory Disclosures section of the Bank’s Investor Relations website (https://www.ocbc.com/group/investors/investor -information#pillarthreedisclosures ).
Page 11
Co.Reg.no.: 193200032W 11 FINANCIAL HIGHLIGHTS (continued) NET INTEREST INCOME Average Balance Sheet 1H26 1H25 Average Average Average Average S$ million Balance Interest Rate 2/ Balance Interest Rate 2/ % % Interest-earning assets Loans to customers 342,776 6,475 3.81 312,807 7,126 4.59 Placements with and loans to banks 60,318 1,031 3.45 66,855 1,474 4.45 Other interest-earning assets 120,652 2,115 3.53 92,061 1,804 3.95 523,746 9,621 3.70 471,723 10,404 4.45 Interest-bearing liabilities Deposits of non-bank customers 441,914 4,143 1.89 398,070 4,882 2.47 Deposits and balances of banks 23,065 370 3.23 14,270 243 3.43 Other borrowings 32,283 622 3.89 30,051 651 4.37 497,262 5,135 2.08 442,391 5,776 2.63 Net interest income/margin 1/ 4,486 1.73 4,628 1.98 Notes: 1. Net interest margin is net interest income as a percentage of interest -earning assets. 2. Average rates are computed on an annualised basis. Volume and Rate Analysis 1H26 vs 1H25 Increase/(decrease) due to change in: S$ million Volume Rate Net change Interest income Loans to customers 683 (1,334) (651) Placements with and loans to banks (144) (299) (443) Other interest-earning assets 560 (249) 311 1,099 (1,882) (783) Interest expense Deposits of non-bank customers 538 (1,277) (739) Deposits and balances of banks 150 (23) 127 Other borrowings 48 (77) (29) 736 (1,377) (641) Impact on net interest income 363 (505) (142) Due to change in number of days – Net interest income (142)
Page 12
Co.Reg.no.: 193200032W 12 FINANCIAL HIGHLIGHTS (continued) NON-INTEREST INCOME S$ million 1H26 1H25 (2) +/(-) % Gross fee and commission income Credit card 204 202 1 Investment banking 99 77 28 Loan-related 137 124 11 Service charges 61 62 (1) Trade-related (1) 154 142 8 Wealth management 1,038 734 41 Others 16 17 (1) 1,709 1,358 26 Fee and commission expense (295) (232) 27 Fees and commissions (net) 1,414 1,126 26 Net trading income 1,129 771 46 Income from life and general insurance Insurance service results from life insurance 734 540 36 Net investment income from life insurance 4,058 2,672 52 Net insurance financial result from life insurance (4,016) (2,696) (49) Insurance service results from general insurance 15 16 (5) Sub-total 791 532 49 Other income Disposal of investment securities 66 51 29 Disposal of property, plant and equipment 36 17 105 Rental and property-related income 47 46 3 Dividends from FVOCI securities 16 18 (12) Others 13 13 12 Sub-total 178 145 23 Total non-interest income 3,512 2,574 36 Notes: 1. Includes trade, remittance and guarantee -related fees. 2. Certain comparative figures have been reclassified to conform to current period’s presentation.
Page 13
Co.Reg.no.: 193200032W 13 FINANCIAL HIGHLIGHTS (continued) OPERATING EXPENSES S$ million 1H26 1H25 +/(-) % Staff costs 2,123 1,931 10 Property, plant and equipment Depreciation 291 262 11 Maintenance and rental 96 83 16 Others 220 211 4 607 556 9 Other operating expenses 350 317 11 Total operating expenses 3,080 2,804 10 Group staff strength Period end 33,095 33,311 (1) Average 33,223 33,513 (1) ALLOWANCES FOR LOANS AND OTHER ASSETS S$ million 1H26 1H25 +/(-) % Allowances/(write-back): Impaired loans Singapore 57 4 nm Malaysia 13 (8) nm Indonesia 51 20 149 Greater China 104 88 19 Others (80) 40 nm 145 144 1 Impaired other assets 2 15 (87) Non-impaired loans 210 155 35 Non-impaired other assets 15 12 24 Allowances for loans and other assets 372 326 14
Page 14
Co.Reg.no.: 193200032W 14 FINANCIAL HIGHLIGHTS (continued) LOANS TO CUSTOMERS S$ million 30 Jun 2026 31 Dec 2025 30 Jun 2025 Gross loans 364,493 341,120 324,606 Allowances Impaired loans (1,547) (1,577) (1,332) Non-impaired loans (3,058) (2,851) (2,861) Net loans 359,888 336,692 320,413 By Maturity Within 1 year 146,401 130,202 115,271 1 to 3 years 63,274 67,763 64,081 Over 3 years 154,818 143,155 145,254 364,493 341,120 324,606 By Industry Agriculture, mining and quarrying 6,037 6,402 6,597 Manufacturing 19,877 18,241 15,342 Building and construction 98,293 95,289 93,420 Housing loans 75,463 72,591 70,397 General commerce 39,656 34,504 31,306 Transport, storage and communication 27,140 23,589 22,717 Financial institutions, investment and holding companies 31,316 28,671 27,890 Professionals and individuals 38,919 36,834 34,150 Others 27,792 24,999 22,787 364,493 341,120 324,606 By Currency Singapore Dollar 137,369 128,590 124,231 United States Dollar 80,950 71,920 68,886 Malaysian Ringgit 20,745 20,250 18,690 Indonesian Rupiah 10,655 10,604 10,025 Hong Kong Dollar 32,718 33,728 32,416 Chinese Renminbi 13,818 13,544 11,042 Others 68,238 62,484 59,316 364,493 341,120 324,606 By Geography 1/ Singapore 158,688 149,086 138,888 Malaysia 29,825 28,174 26,282 Indonesia 18,281 17,748 18,085 Greater China 71,375 70,949 69,964 Other Asia Pacific 29,080 24,755 24,215 Rest of the World 57,244 50,408 47,172 364,493 341,120 324,606 Note: 1. Loans by geography are determined based on where the credit risk resides , which may be different from the borrower’s country of residence or the booking location of the loans.
Page 15
Co.Reg.no.: 193200032W 15 FINANCIAL HIGHLIGHTS (continued) NON-PERFORMING ASSETS S$ million Total NPAs 1/ Substandard Doubtful Loss NPLs 2/ NPL Ratio 2/ % Singapore 30 Jun 2026 270 39 147 84 270 0.2 31 Dec 2025 236 39 111 86 236 0.2 30 Jun 2025 291 70 110 111 291 0.2 Malaysia 30 Jun 2026 369 116 124 129 363 1.2 31 Dec 2025 332 114 85 133 325 1.2 30 Jun 2025 432 180 109 143 414 1.6 Indonesia 30 Jun 2026 457 73 184 200 456 2.5 31 Dec 2025 457 67 179 211 457 2.6 30 Jun 2025 493 82 217 194 493 2.7 Greater China 30 Jun 2026 1,401 130 1,228 43 1,401 2.0 31 Dec 2025 1,445 140 1,257 48 1,445 2.0 30 Jun 2025 1,151 148 954 49 1,150 1.6 Other Asia Pacific 30 Jun 2026 208 – 208 # 208 0.7 31 Dec 2025 211 – 210 1 210 0.8 30 Jun 2025 216 21 195 # 216 0.9 Rest of the World 30 Jun 2026 427 226 201 # 421 0.7 31 Dec 2025 562 213 349 # 556 1.1 30 Jun 2025 426 256 170 # 419 0.9 Group 30 Jun 2026 3,132 584 2,092 456 3,119 0.9 31 Dec 2025 3,243 573 2,191 479 3,229 0.9 30 Jun 2025 3,009 757 1,755 497 2,983 0.9 Notes: 1. Refer to Non-performing assets. Comprise loans to customers, debt securities and contingent liabilities. 2. Refer to Non-performing loans. Exclude debt securities and contingent liabilities. 3. Amounts less than S$0.5 million are shown as “#”.
Page 16
Co.Reg.no.: 193200032W 16 FINANCIAL HIGHLIGHTS (continued) NON-PERFORMING ASSETS (continued) 30 Jun 2026 31 Dec 2025 30 Jun 2025 % of gross % of gross % of gross S$ million gross loans S$ million gross loans S$ million gross loans NPLs by Industry Loans and advances Agriculture, mining and quarrying 5 0.1 5 0.1 32 0.5 Manufacturing 342 1.7 308 1.7 328 2.1 Building and construction 1,589 1.6 1,738 1.8 1,302 1.4 Housing loans 326 0.4 341 0.5 390 0.6 General commerce 215 0.5 231 0.7 318 1.0 Transport, storage and communication 69 0.3 74 0.3 88 0.4 Financial institutions, investment and holding companies 284 0.9 222 0.8 221 0.8 Professionals and individuals 90 0.2 100 0.3 102 0.3 Others 199 0.7 210 0.8 202 0.9 Total NPLs 3,119 0.9 3,229 0.9 2,983 0.9 Classified debt securities – – – Classified contingent liabilities 13 14 26 Total NPAs 3,132 3,243 3,009 30 Jun 2026 31 Dec 2025 30 Jun 2025 S$ million % S$ million % S$ million % NPAs by Period Overdue Over 180 days 1,361 43 1,494 46 1,315 44 Over 90 to 180 days 277 9 199 6 315 10 30 to 90 days 136 4 232 7 312 10 Less than 30 days 234 8 253 8 387 13 Not overdue 1,124 36 1,065 33 680 23 3,132 100 3,243 100 3,009 100 S$ million 30 Jun 2026 31 Dec 2025 30 Jun 2025 Loan Allowance Loan Allowance Loan Allowance Restructured Loans Substandard 155 43 64 35 142 56 Doubtful 528 396 391 280 388 310 Loss 42 28 37 24 41 29 725 467 492 339 571 395
Page 17
Co.Reg.no.: 193200032W 17 FINANCIAL HIGHLIGHTS (continued) DEPOSITS S$ million 30 Jun 2026 31 Dec 2025 30 June 2025 Deposits of non-bank customers 458,922 428,286 406,943 Deposits and balances of banks 28,941 15,280 12,908 Total deposits 487,863 443,566 419,851 Total Deposits by Maturity Within 1 year 483,621 441,147 417,158 1 to 3 years 2,162 1,747 1,891 Over 3 years 2,080 672 802 487,863 443,566 419,851 Non-Bank Deposits by Product Fixed deposits 175,095 166,140 164,294 Savings deposits 109,358 105,869 100,708 Current accounts 116,763 111,441 101,918 Others 57,706 44,836 40,023 458,922 428,286 406,943 Non-Bank Deposits by Currency Singapore Dollar 167,916 162,472 155,744 United States Dollar 158,733 146,229 139,806 Malaysian Ringgit 22,448 22,241 20,708 Indonesian Rupiah 11,560 11,829 11,437 Hong Kong Dollar 39,732 35,094 38,121 Chinese Renminbi 15,234 12,390 8,753 Others 43,299 38,031 32,374 458,922 428,286 406,943
Page 18
Co.Reg.no.: 193200032W 18 FINANCIAL HIGHLIGHTS (continued) CAPITAL ADEQUACY RATIOS 1/ The Group remained strongly capitalised, with a Common Equity Tier 1 (“CET1”) capital adequacy ratio (“CAR”) of 15.7%, and Tier 1 and Total CAR of 16.3% and 18.2% respectively. These ratios were well above the regulatory minima of 6.5%, 8% and 10%, respectively, for 2026. 2/ The Group is subject to MAS’ final Basel III reforms requirements which came into effect on 1 July 2024, and are being progressively phased in between 1 July 2024 and 1 January 2029. The Group's CET1 CAR based on fully phased-in final Basel III reforms was 14.0%, which assumed the position as of 30 June 2026 was subject to the full application of final Basel III reforms that will take effect on 1 January 2029. S$ million 30 Jun 2026 31 Dec 2025 30 Jun 2025 Ordinary shares 17,844 17,887 18,007 Disclosed reserves/others 35,998 34,948 33,284 Regulatory adjustments (11,516) (10,897) (10,551) Common Equity Tier 1 Capital 42,326 41,938 40,740 Additional Tier 1 capital 1,738 1,738 1,737 Regulatory adjustments – – – Tier 1 Capital 44,064 43,676 42,477 Tier 2 capital 5,257 4,508 4,399 Regulatory adjustments – – – Total Eligible Capital 49,321 48,184 46,876 Risk Weighted Assets 270,267 248,845 238,964 Capital Adequacy Ratios Common Equity Tier 1 15.7% 16.9% 17.0% Tier 1 16.3% 17.6% 17.8% Total 18.2% 19.4% 19.6% Notes: 1. Public disclosures required under MAS Notice 637 can be found in the Capital and Regulatory Disclosures section of the Bank’s Investor Relations website (https://www.ocbc.com/group/investors/investor -information#pillarthreedisclosures ). 2. In addition to these minimum capital requirements, the Group is required to meet Capital Conservation Buffer (“CCB”) of 2.5% and Countercyclical Buffer (“CCyB”) of up to 2.5%. The CCyB is not an on-going requirement and the applicable magnitude will be the weighted average of the country-specific CCyB requirements that are being applied by national authorities in jurisdictions to which the Bank has private sector credit exposur es.
Page 19
Co.Reg.no.: 193200032W 19 FINANCIAL HIGHLIGHTS (continued) PERFORMANCE BY BUSINESS SEGMENT OCBC Group’s businesses are presented in the following customer segments and business activities: Global Consumer/Private Banking, Global Wholesale Banking, Global Markets and Insurance. Profit Before Income Tax by Business Segment S$ million 1H26 1H25 +/(-) % Global Consumer/Private Banking 1,154 916 26 Global Wholesale Banking 1,825 1,733 5 Global Markets 523 453 16 Insurance 1,048 734 43 Others 624 762 (18) Profit before income tax 5,174 4,598 13 Global Consumer/Private Banking Global Consumer/Private Banking provides a full range of products and services to individual customers. At Global Consumer Banking, the products and services offered include deposit products (checking accounts, savings and fixed deposits), consumer loans (housing loans and other personal loans), credit cards, investments and wealth management products. Private Banking caters to the specialised banking needs of high -net-worth individuals, offering wealth management expertise, including investment advice and portfolio management services, estate and trust planning, and wealth structuring. Global Consumer/Private Banking’s 1H26 profit before income tax grew 26% to S$1.15 billion led by wealth management income growth which more than offset lower net interest income, as well as higher expenses and allowances. Global Wholesale Banking Global Wholesale Banking serves institutional customers ranging from large corporates and the public sector to small and medium enterprises. The business provides a full range of financing solutions including long-term project financing, short-term credit, working capital and trade financing, as well as customised and structured equity-linked financing. It also provides customers with a broad range of products and services such as cash management and custodian services, capital market solutions, corporate finance services and advisory banking, and treasury products. Global Wholesale Banking’s profit before income tax rose 5% to S$1.83 billion in 1H26, driven by higher fee income and lower allowances, partly offset by a decline in net interest income and higher expenses.
Page 20
Co.Reg.no.: 193200032W 20 FINANCIAL HIGHLIGHTS (continued) PERFORMANCE BY BUSINESS SEGMENT (continued) Global Markets Global Markets is responsible for the management of the Group’s asset and liability interest rate positions, engages in foreign exchange activities, money market operations, fixed income and derivatives trading, and offers structured treasury products, digital assets, brokerage services and financial solutions to meet customers’ investment and hedging needs. Income from treasury products and services offered to customers in Global Consumer/Private Banking and Global Wholesale Banking, is reflected in the respective business segments. Global Markets’ 1H26 profit before income tax rose 16% to S$523 million led by growth in net interest income from higher treasury market assets. Insurance The Group’s insurance business, including its fund management activities, is undertaken by GEH and its subsidiaries, which provide both life and general insurance products to its customers mainly in Singapore and Malaysia. GEH’s profit before income tax rose 43% to S$1.05 billion in 1H26 mainly driven by stronger performance from its life insurance business and higher gains in its investment portfolio. After tax and non-controlling interests, GEH’s contribution to the Group’s net profit was S$794 million in 1H26, higher than S$553 million in 1H25. Others Others comprise mainly property holding, investment holding and items not attributable to the business segments described above. Where there are material changes in the organisational structure and management reporting methodologies, segment information for prior periods is reclassified to allow comparability.
Page 21
Co.Reg.no.: 193200032W 21 About OCBC OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transactio n banking to treasury, insurance, asset management and stockbroking services. OCBC’s private banking services are provided by its wholly -owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Grea t Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore. The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 390 branches and representative offices in 19 countries and regions. For more information, please visit www.ocbc.com. For more information, please contact: Koh Ching Ching Head Group Brand and Communications OCBC Email: CorpComms@ocbc.com Tel: (65) 6530 1531 Hubert Wee Head Investor Relations OCBC Email: investor-relations@ocbc.com Tel: (65) 6428 7247