OCBC Q3 profit flat at S$1.98 billion; beats expectations
[SINGAPORE] OCBC’s net profit was flat for its third quarter, supported by higher non-interest income and lower allowances, it said on Friday (Nov 6).
Net profit for the three months ended Sept 30, 2025 stood at S$1.98 billion.
The earnings beat the S$1.79 billion consensus forecast in a Bloomberg survey of five analysts.
Net interest income for the quarter was down 9 per cent to S$2.23 billion.
Net interest margin (NIM) fell by 34 basis points to 1.84 per cent amid a softening interest rate environment, although this was partly offset by average asset growth.
Non-interest income was up 15 per cent to S$1.57 billion, from broad-based fee, trading and insurance income growth.
The bank’s non-performing loans (NPL) ratio was 0.9 per cent, unchanged from the same period a year ago.
OCBC group chief executive Helen Wong said: “Looking ahead, the external environment remains complex, shaped by shifting policy dynamics and geopolitical tensions.”
Shares of OCBC closed 0.8 per cent higher at S$17.19 on Thursday.
