Overview

• OCBC's Q1 2025 net profit fell 5% year-on-year to S$1.88 billion, marking its first quarterly decline since 2022 but exceeding analyst estimates of S$1.86 billion.
• Net interest income dropped 4% to S$2.35 billion, driven by a 23 basis-point decline in net interest margin to 2.04%.
• Non-interest income rose 10% to S$1.31 billion, supported by stronger fees, trading, and insurance contributions.
• Credit allowances increased 25% to S$212 million, reflecting a cautious approach to non-impaired assets amid economic uncertainties.
• CEO Helen Wong highlighted risks from shifting trade policies and geopolitical tensions but reaffirmed the bank's 2025 financial targets, including a net interest margin around 2%.