<\/p>\n
Its earnings per share is S$1.67, and total dividend is S$1.01.<\/p>\n
Oversea-Chinese Banking Corporation (OCBC) reported a net profit of S$7.59b (US$5.63m) for FY2024, an 8% year-on-year (YoY) increase, its latest financial highlights showed.<\/p>\n
Its banking operations\u2019 net profit rose 5% YoY to S$6.71b (US$5.02b) n FY2024.<\/p>\n
An earnings per share (EPS) of S$1.67 has been announced, which is 8% YoY higher compared to FY2023. Total dividend is S$1.01, a 23% YoY increase compared to a year earlier.<\/p>\n
Total income rose 7% YoY to S$14.5b (US$10.84b). Of this, net interest income rose 1% YoY to a new high of S$9.76b (US$7.3b). OCBC credited this to a 5% increase in average assets from customer loans, and high-quality assets which were income accretive but lower yielding.<\/p>\n
Non-interest income expanded 22% YoY to S$4.72b (US$3.53b). Net fee income expanded 9% YoY to S$1.97b (US$1.47b), lifted by a 22% rise in wealth management fees across all wealth channels, OCBC said.<\/p>\n
Wealth management income\u2014 comprising income from private banking, premier private banking, premier banking, insurance, asset management, and stockbroking\u2014 rose 13% YoY to a record S$4.89b (US$3.66b) in FY2024. Group wealth management income accounted for 34% of OCBC\u2019s total income.<\/p>\n
Banking wealth management assets under management (AUM) rose 14% to a new high of S$299m (US$223.5m).<\/p>\n
Investment banking and loan-related fees are also reportedly higher in FY2024.<\/p>\n
Net trading income rose 53% YoY to S$1.54b (US$1.15b), with customer flow treasury rising to a new high.<\/p>\n
Insurance income is up 14% YoY to S$917m (US$685.52m), led by higher income from the underlying insurance business and improved claim experience, according to OCBC.<\/p>\n
Operating expenses are 10% YoY higher, at S$5.75b (US$4.3b), for FY2024.<\/p>\n
Net interest margin (NIM) fell 8 basis points (bp) to 2.2%.<\/p>\n
Credit costs fell 1bp to 19bps.<\/p>\n
Customer loans rose 8% YoY to S$319b; whilst customer deposits are 7% YoY higher at S$391b int otal.<\/p>\n
OCBC\u2019 non-performing loan (NPL) ratio is 0.9%, a decrease of 0.1 percentage point (ppt).<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Its earnings per share is S$1.67, and total dividend is S$1.01. Oversea-Chinese Banking Corporation (OCBC) reported a net profit of S$7.59b (US$5.63m) for FY2024, an 8% year-on-year (YoY) increase, its latest financial highlights showed. Its banking operations\u2019 net profit rose 5% YoY to S$6.71b (US$5.02b) n FY2024. An earnings per share (EPS) of S$1.67 has […]<\/p>\n","protected":false},"author":1,"featured_media":3497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/OCBC-Singapore-1-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/OCBC-Singapore-1-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/OCBC-Singapore-1-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/OCBC-Singapore-1-scaled.jpg",2560,1707,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3496"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3496\/revisions"}],"predecessor-version":[{"id":3498,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3496\/revisions\/3498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3497"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}