Singapore · Delayed Price · Currency is SGD Oversea-Chinese Banking Corporation Earnings Call Transcripts
Fiscal Year 2025
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Profit before tax reached a record SGD 9.12 billion, with strong non-interest income and wealth management offsetting lower NII. The group targets double-digit non-interest income growth, mid-single digit loan growth, and maintains a 50% dividend payout, with a focus on ASEAN and digital transformation.
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Third quarter net profit rose 9% sequentially to SGD 1.98 billion, driven by record non-interest income and robust wealth management inflows. Asset quality and capital ratios remain strong, with updated NIM guidance reflecting margin pressure from lower rates.
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Net profit for H1 2025 fell 6% year-over-year to SGD 3.7 billion as net interest income declined, but non-interest and wealth management income hit new highs. Guidance for FY 2025 includes lower NIM, mid-single digit loan growth, and a 60% dividend payout ratio.
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Q1 2025 saw net profit rise 12% sequentially to S$1.88 billion, with record wealth management income and AUM. Asset quality and capital ratios remain strong, while the outlook is cautious amid macroeconomic uncertainty and trade tensions.
Fiscal Year 2024
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Net profit rose 8% to SGD 7.59 billion in 2024, with record income across banking, wealth, and insurance. A two-year SGD 2.5 billion capital return plan was announced, including special dividends and share buybacks, while maintaining a strong capital position and targeting a 60% dividend payout.
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Q3 2024 saw record net profit and income, with strong growth in wealth management, trading, and sustainable financing. Asset quality improved, capital ratios remained robust, and the group is well-positioned for stable profits in 2025 despite global uncertainties.
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Record H1 net profit driven by broad-based income growth, disciplined costs, and robust asset quality. Wealth management and insurance segments delivered strong results, while NIM is expected at the lower end of guidance amid global uncertainties.