OCBC’s Q2 net profit fell 7% year-on-year to S$1.82 billion, largely due to sustained net interest margin contraction, even as wealth management delivered a record AUM of S$310 billion.
Despite pressures from narrowing margins, OCBC remained steady with profit in line with expectations. Fee and trading income rose, while assets under management (AUM) climbed to a record S$310 billion — reflecting strong client engagement in wealth services. The bank lowered its 2025 net interest income forecast, flagging ongoing tariff-induced uncertainty. Importantly, CEO Helen Wong’s impending succession and continued focus on resilience suggest OCBC is adapting to evolving economic headwinds.
OCBC Q2 performance Singapore, OCBC net interest income outlook, Singapore bank challenges
The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions.