Oversea-Chinese Banking Corporation (OCBC) posted a net profit of S$4.195 billion for the six months ended Jun 30, up 13% year-on-year, as higher fee income and improved insurance contributions offset a dip in net interest income.

Basic earnings per share rose to S$0.92 from S$0.81 a year earlier. The board declared an interim tax-exempt dividend of S$0.47 per ordinary share, up from S$0.41 a year ago. The distribution—equivalent to about 50% of first-half earnings—will be paid to shareholders on record as at Aug 18 2026; the bank’s scrip dividend scheme will not apply.

First-half total income increased 11% to S$7.998 billion. Net interest income slipped 3% to S$4.486 billion amid margin pressure, but non-interest income surged 36% to S$3.512 billion, buoyed by a 26% rise in fee and commission income to S$1.414 billion and stronger investment income from life insurance.

By business line, profit before tax grew across most segments: • Global Consumer/Private Banking: S$1.154 billion (+26% YoY) • Global Wholesale Banking: S$1.825 billion (+5% YoY) • Global Markets: S$0.523 billion (+15% YoY) • Insurance: S$1.048 billion (+43% YoY) Gains in “Others” declined to S$0.624 billion (-18% YoY), bringing total pre-tax profit to S$5.174 billion, up 13%.

Operating expenses rose 10% to S$3.080 billion, reflecting higher staff and technology costs. Loan-related allowances increased 14% to S$372 million, in part due to post-model adjustments for sector-specific risks, though overall asset quality remained stable with non-performing assets at S$3.132 billion.

OCBC’s customer loans expanded 7% since end-2025 to S$359.9 billion, while deposits of non-bank customers climbed 7% to S$458.9 billion, supporting a loan-to-deposit ratio of 79%. The group maintained a robust capital position with total equity of S$65.2 billion.

Looking ahead, OCBC has not provided specific earnings guidance. The bank continues to assess economic conditions, monitor credit quality—particularly in vulnerable sectors—and invest in technology, wealth management and regional expansion to sustain growth.