Oversea-chinese Banking Corporation Limited · SGX:O39
Oversea-chinese Banking — H1 2026 Earnings Presentation
21 slides from Oversea-chinese Banking's earnings presentation, Aug 7, 2026
Slide 1: OCBC First Half 2026 Results Presentation
OCBC First Half 2026 Results Presentation Goh Chin Yee Group Chief Financial Officer 7 August 2026 OCBC Financial Results
Slide 2: Agenda
Agenda 01 Financial Highlights 02 Group Performance Trends Notes: - Certain comparative figures may have been restated to provide meaningful comparisons where necessary; - Amounts less than S$0.5m are shown as “0”; - “nm” denotes not meaningful; - “na” denotes not applicable; - Figures may not sum t
Slide 3: Performance highlights
Performance highlights 2Q26 earnings reached a new high ▪ Quarterly NPAT crossed S$2b for the first time in 2Q26, Group Net Profit S$2.22b +22% YoY underpinned by record total income, up 18% YoY ▪ NII fell 1% YoY; the impact from lower interest rates was largely mitigated by 12% average asset growth
Slide 4: Record 2Q26 and 1H26 profit lifted by Non-II growth
Performance highlights Record 2Q26 and 1H26 profit lifted by Non-II growth Group Performance (S$m) 1H26 YoY 2Q26 YoY QoQ Net Interest Income 4,486 -3% 2,264 -1% +2% Non-Interest Income 3,512 +36% 1,906 +51% +19% Total Income 7,998 +11% 4,170 +18% +9% Operating Expenses 3,080 +10% 1,575 +13% +5% Oper
Slide 5: Diversified franchise delivered strong performance
Performance highlights Diversified franchise delivered strong performance Banking Wealth Management ■ Banking Operations delivered 1/ stronger net profit as Net Profit (S$m) Total Income (S$m) Group WM Income (S$m) Banking WM AUM (S$b) increased fee and trading / +7% +8% 36% 41% +13% investment inco
Slide 6: Broad-based earnings contribution across businesses and markets
Performance highlights Broad-based earnings contribution across businesses and markets Operating Profit by Key Businesses 1/ Operating Profit by Geography Others Insurance 8% 22% 1H26 1H26 18% 7% 1H25 Greater China 21% 20% 1H25 42% Global Global 11% 48% Wholesale Markets 51% Banking 53% Singapore 11
Slide 7: Group Performance Trends
Agenda 01 Financial Highlights 02 Group Performance Trends
Slide 8: 2Q26 NII up QoQ despite lower SORA
Net interest income 2Q26 NII up QoQ despite lower SORA 1Q22 1.92% 1.84% 1.86% 1.98% 1.76% 1.70% 1.73% Net Interest Margin 1H26 YoY 2Q26 +44% 4,628 2Q23-3% YoY -1% 4,486 YoY QoQ 2,283 2,226 2,296 2,222 2,264 QoQ +44% +2% Net Interest Income ■ 2Q26 NII rose 2% QoQ; NIM (S$m) compression was more than
Slide 9: 1H26 and 2Q26 non-II rose to a record high
Non-interest income 1H26 and 2Q26 non-II rose to a record high 1H26 YoY 2Q26 +44% 2Q23 YoY +51% 45.7% 43.9% YoY +36% QoQ QoQ +44% +19% 41.4% 41.9% % of Group Income 35.6% 36.5% 35.7% ■ 1H26 non-II up 36% YoY, driven by strong double- digit increases across fee, 3,512 trading / investment and Non-int
Slide 10: Broad-based fee momentum led by record wealth management
Non-interest income Broad-based fee momentum led by record wealth management 1H26 YoY 2Q26 +44% 2Q23 YoY +28% YoY +26% QoQ QoQ +44% +10% ■ 1H26 and 2Q26 fee income 1,414 expanded YoY, lifted by WM 133 fees, loan & trade-related and Net Fees & Commissions (S$m) 98 investment banking fees 1,126 Others
Slide 11: 1H26 trading / investment income up 46% YoY
Non-interest income 1H26 trading / investment income up 46% YoY 1H26 YoY 2Q26 YoY +22% +44% 1Q26 2Q23 YoY +85% YoY +46% QoQ QoQ +44% QoQ +10% +60% ■ 1H26 trading / investment 1,129 income grew 46% YoY, contributed by record 256 customer flow income 771 ■ 1H26 customer flow income 695 rose 47% YoY, u
Slide 12: 1H26 CIR lower at 39%
Operating expenses 1H26 CIR lower at 39% 1H26 YoY 2Q26 +44% 2Q23 YoY +13% YoY +10% QoQ QoQ +44% +5% 43.1% Cost-to-income ratio 39.1% 40.0% 39.3% 38.9% 37.8% 38.5% “CIR” ■ 1H26 expenses up 10%, driven by performance- related remuneration and 3,080 continued investments to 2,804 350 support business g
Slide 13: Loan growth momentum robust, up 5% QoQ
Loans Loan growth momentum robust, up 5% QoQ Loans by Geography Loans by Industry YoY YoY +12% +44% +12% Jun 26 2Q23 QoQ QoQ +44% +5% (S$b) +11% in constant ccy terms +5% +5%in constant ccy terms 9% 364 325 327 341 347 7% 21% ■ Corporate, SME and 86 9% Rest of the world 71 72 75 80 5% 7% 22% Consume
Slide 14: NPL ratio remained at 0.9%
Asset quality NPL ratio remained at 0.9% Non-performing assets (NPAs) 2Q25 1Q26 2Q26 1H25 1H26 YoY +4% YoY +44% (S$m) Jun 26 2Q23 QoQ unchanged QoQ +44% At start of period 2,916 3,243 3,120 2,869 3,243 Corporate/ Commercial Banking and ■ Loan portfolio quality Others remained sound New NPAs 256 123
Slide 15: 2Q26 allowances lower QoQ
Allowances 2Q26 allowances lower QoQ 1H26 YoY 2Q26 +44% Credit costs (bps) 1/ 23 2Q23 YoY +36% 16 20 18 18 YoY +14% QoQ QoQ +44% -28% 12 14 Total 23 ■ 2Q26 allowances mostly 7 16 12 9 8 Impaired 4 comprised allowances for impaired assets; total credit 372 costs lower QoQ at 14bps 326 ■ 2Q26 allowanc
Slide 16: NPA coverage ratio remained at 163%
Allowances NPA coverage ratio remained at 163% YoY YoY +9% +44% 160% 163% 163% Jun 26 2Q23 156% QoQ unchanged QoQ +44% Total NPA coverage 151% Allowances for non-impaired 0.9% 0.9% 0.9% 0.9% 0.8% ■ NPA coverage ratio loans / Performing loans remained high at 163% ■ Performing loans coverage 5,089 5,
Slide 17: Deposits grew QoQ and YoY
Deposits Deposits grew QoQ and YoY YoY YoY +13% +44% 78.7% 78.6% 78.6% 77.2% 78.4% Jun 26 2Q23 Group LDR QoQ QoQ +44% +3% 79.8% 78.8% 79.1% 78.4% 81.8% ■ Deposits increased 13% SGD LDR YoY, supported by a 12% increase in CASA deposits 49.3% 49.2% 50.7% 51.0% and a 7% rise in fixed 47.2% USD LDR depo
Slide 18: Liquidity and funding ratios remained strong
Balance sheet Liquidity and funding ratios remained strong Loans-to-Deposits Ratio Funding Group LDR (%) Composition ■ Strong credit ratings of Aa1 Customer deposits 11% from Moody’s, and AA- from Bank deposits 6% Fitch and S&P respectively Debts issued S$589b 5% Jun 26 78% 78.7 77.2 78.4 Capital an
Slide 19: Healthy capital position
Capital Healthy capital position YoY YoY -1.3ppt +44% 17.0 16.9 16.9 17.0 Jun 26 2Q23 Transitional Fully phased-in QoQ QoQ +44% -1.2ppt 1.7 1.8 15.7 1.9 1.8 CET1 CAR 1/ 1.7 ■ CET1 CAR was lower QoQ, as profit accretion was CET1 CAR (%) 15.3 15.0 15.1 15.2 Fully phased-in offset by FY2025 final and 1
Slide 20: 1H26 interim dividend up 6 cents YoY
Dividend 1H26 interim dividend up 6 cents YoY ■ Interim dividend of 47 cents 60% 60% declared, up 6 cents or 15% Dividend payout ratio 53% 53% Full Year (including special) YoY 50% 50% Full Year 50% ■ Remain committed to Interim 50% 50% 50% 44% completing the remaining S$2.5b capital return plan by
Slide 21: Thank you
Thank you Disclaimer: This presentation should be read as an overview of OCBC’s current business activities and operating environment which may contain statements relating to OCBC’s growth strategy and future business aspirations. This presentation contains “forward-looking statements”, which are ba
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