OCBC Group Third Quarter 2026 Net Profit at S$2.04 billion.
Nine-month Group net profit up 10% to a record S$6.24 billion
▪ 3Q26 Group profit up 3% YoY; Banking Operations profit rose 16% to anew high, moderated by weaker investment income from GEH
➢ Total income down 2%; Record Banking Operations income, up 7%
➢ NII up 4% but more than offset by 10% decline in Non-II
➢ Fees grew from a strong 3Q25, while customer flow trading incomerose to a new high
➢ GEH’s underlying business remained resilient; NBEV grew 14%, although profit contribution declined due to negative impact from market movements on its investments
▪ Against a record 2Q26, Group profit declined 8%, impacted by GEH’sinvestment performance; Banking Operations profit rose 8% QoQ
▪ Loan and deposit growth momentum sustained
▪ NPL ratio improved to 0.8%, credit costs lower at 6bps while coverageratio increased to 168%
▪ Liquidity, funding and capital positions remain strong; fully phased-inCET1 CAR stable at 14.0%
▪ 3Q26 ROE at 13.1% on an annualised basis.
– Oversea-Chinese Banking Corporation Limited (“OCBC”) reported a record net profit of S$6.24 billion for the first nine months of 2026 (“9M26”), 10% higher than a year ago (“9M25”). 9M26 total income reached a new high, driven by broad-based growth across Wealth Management (“WM”), Wholesale
Banking and Insurance. 9M26 WM fees rose 25% to a record S$1.33 billion and non-interest income from Wholesale Banking grew 24%.
Group net profit for the third quarter (“3Q26”) was S$2.04 billion, up 3% year-on-year. OCBC delivered record
Banking Operations profit for 3Q26, supported by its strong franchise, and disciplined cost and risk management.
Great Eastern Holdings (“GEH”) underlying business remained resilient, with New Business Embedded Value
(“NBEV”) up 14% for 3Q26. Quarter-on-quarter, Group net profit was down 8%, as record Banking Operations profit was offset by weaker investment performance from GEH.
Net interest income (“NII”) was higher quarter-on-quarter in 3Q26, lifted by loan growth and improved yields, partly offset by higher funding costs. Higher SORA rates were a net positive to NII as asset yields rose faster than funding costs, while the rise in US rates pressured margins this quarter as funding repriced faster than assets. The benefits from higher US rates would be reflected in the coming quarters as assets reprice. The
Group’s WM franchise remained strong. Banking WM AUM continued to grow, with 3Q26 WM fees above the strong 3Q25 results although below the record high in 2Q26.
Asset quality stayed strong, with improved NPL ratio of 0.8% and lower allowances, reflecting continued prudent risk management. The Group maintained sufficient buffers against potential risks with an NPA coverage ratio at 168%. Capital remained sound and well positioned to support business growth. Balance sheet management initiatives this quarter further enhanced capital efficiency, with scope for continued progress.
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