OCBC Group has announced a record net profit of S$4.19b for the first half of 2026, marking a 13% increase from the previous year. This growth was primarily fuelled by a significant rise in non-interest income, which surged by 36% year-on-year to S$3.51b. The bank’s total income for the period reached S$7.998b, an 11% increase from the previous year.
The bank’s performance in the second quarter of 2026 was particularly strong, with net profit reaching S$2.22b, up 22% year-on-year. This was supported by a record total income of S$4.17b, an 18% increase from the same period last year. Non-interest income in the second quarter rose by 51%, driven by a 28% increase in fees and an 85% rise in trading and investment income.
OCBC’s wealth management sector played a crucial role, with fees up 39% year-on-year, reflecting broad-based growth across all wealth product channels. The bank’s wealth management assets under management grew by 13% to S$350b.
The bank maintained a healthy liquidity position, with a non-performing loan ratio steady at 0.9% and credit costs at 14 basis points. An interim dividend of 47 pence per share was declared, representing a 15% increase from the previous year.
Looking forward, OCBC’s robust performance across various sectors, including wealth management and insurance, positions it well for continued growth. The bank’s strategic focus on diversifying income streams and managing costs effectively has contributed to its strong financial results.
