Overview of OCBC Bank's financials

    Financial results

    Financial calendar

    • 26 February 2025*

      2024 Full Year Results

      Announcement of financial results for the Full Year of 2024

    • 9 May 2025*

      2025 First Quarter Results

      Announcement of financial results for the First Quarter of 2025

    • 1 August 2025*

      2025 Half Year Results

      Announcement of financial results for the Half Year of 2025

    • 7 November 2025*

      2025 Third Quarter Results

      Announcement of financial results for the Third Quarter of 2025

    • * The above dates are indicative and may be subject to change. Any updates will be posted on this website.

    Historical financial highlights

    • Income Statement (S$ million)

      2023Income Statement (S$ million)Income Statement (S$ million)
      2023 2022 1/ 2021 2020 2019 2018 2017 2/ 2016 2015 2014
      Total Income 13,507 11,286 10,596 10,139 10,871 9,701 9,528 8,489 8,722 8,340
      Operating Expenses 5,223 4,838 4,764 4,439 4,644 4,214 4,043 3,788 3,664 3,258
      Operating Profit before Allowances and Amortisation 8,284 6,448 5,832 5,700 6,227 5,487 5,485 4,701 5,058 5,082
      Allowances for Loans and Other Assets 733 584 873 2,043 890 288 671 726 488 357
      Net Profit Attributable to Equity Holders of the Bank 7,021 5,526 4,858 3,586 4,869 4,492 4,045 3,473 3,903 3,842
      Excluding non-core gains (S$ million)
      Total Core Income 13,507 11,286 10,596 10,139 10,871 9,701 9,528 8,489 8,722 7,949
      Core Operating Profit before Allowances and Amortisation 8,284 6,448 5,832 5,700 6,227 5,487 5,485 4,701 5,058 4,691
      Core Net Profit Attributable to Equity Holders of the Bank 7,021 5,526 4,858 3,586 4,960 4,492 4,045 3,473 3,903 3,451
      • 2023
      • 2022 1/
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017 2/
      • 2016
      • 2015
      • 2014
      2023 2022 1/ 2021 2020 2019 2018 2017 2/ 2016 2015 2014
      Total Income 13,507 11,286 10,596 10,139 10,871 9,701 9,528 8,489 8,722 8,340
      Operating Expenses 5,223 4,838 4,764 4,439 4,644 4,214 4,043 3,788 3,664 3,258
      Operating Profit before Allowances and Amortisation 8,284 6,448 5,832 5,700 6,227 5,487 5,485 4,701 5,058 5,082
      Allowances for Loans and Other Assets 733 584 873 2,043 890 288 671 726 488 357
      Net Profit Attributable to Equity Holders of the Bank 7,021 5,526 4,858 3,586 4,869 4,492 4,045 3,473 3,903 3,842
      Excluding non-core gains (S$ million)
      Total Core Income 13,507 11,286 10,596 10,139 10,871 9,701 9,528 8,489 8,722 7,949
      Core Operating Profit before Allowances and Amortisation 8,284 6,448 5,832 5,700 6,227 5,487 5,485 4,701 5,058 4,691
      Core Net Profit Attributable to Equity Holders of the Bank 7,021 5,526 4,858 3,586 4,960 4,492 4,045 3,473 3,903 3,451

    • Balance Sheet (S$ million)

      2023Balance Sheet (S$ million)Balance Sheet (S$ million)
      2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
      Total Assets 581,424 556,924 542,187 521,395 491,691 467,543 452,693 409,884 390,190 401,226
      Assets excluding investment securities and other assets for life insurance funds 483,907 461,927 442,091 424,327 404,353 390,676 378,766 347,911 333,207 343,940
      Net Loans to Customers 3/ 292,754 291,467 286,281 263,538 262,348 255,502 234,668 217,295 208,218 207,535
      Deposits of Non-bank Customers 363,770 350,081 342,395 314,907 302,851 295,412 283,642 261,486 246,277 245,519
      Ordinary Equity 52,920 49,417 51,463 48,422 45,662 40,637 37,528 35,507 33,053 29,701
      Equity Attributable to Equity Holders of the Bank 54,170 51,117 52,663 49,622 47,162 42,137 39,028 37,007 34,553 31,097
      • 2023
      • 2022
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
      Total Assets 581,424 556,924 542,187 521,395 491,691 467,543 452,693 409,884 390,190 401,226
      Assets excluding investment securities and other assets for life insurance funds 483,907 461,927 442,091 424,327 404,353 390,676 378,766 347,911 333,207 343,940
      Net Loans to Customers 3/ 292,754 291,467 286,281 263,538 262,348 255,502 234,668 217,295 208,218 207,535
      Deposits of Non-bank Customers 363,770 350,081 342,395 314,907 302,851 295,412 283,642 261,486 246,277 245,519
      Ordinary Equity 52,920 49,417 51,463 48,422 45,662 40,637 37,528 35,507 33,053 29,701
      Equity Attributable to Equity Holders of the Bank 54,170 51,117 52,663 49,622 47,162 42,137 39,028 37,007 34,553 31,097

    • Ratios (%)

      2023Ratios (%)Ratios (%)
      2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
      Cost-to-Income 38.7 42.9 45.0 43.8 42.7 43.4 42.4 44.6 42.0 39.1
      Cost-to-Income excluding non-core gains 38.7 42.9 45.0 43.8 42.7 43.4 42.4 44.6 42.0 41.0
      Loans-to-Deposits 80.5 83.3 83.6 83.7 86.5 86.4 82.5 82.9 84.5 84.5
      Non-performing Loan Ratio 1.0 1.2 1.5 1.5 1.5 1.5 1.5 1.3 0.9 0.6
      Return on Equity (ROE) 13.7 11.1 9.6 7.6 11.2 11.5 11.0 10.0 12.3 14.8
      Core ROE 13.7 11.1 9.6 7.6 11.4 11.5 11.0 10.0 12.3 13.2
      Core Return on Assets 4/ 1.46 1.21 1.13 0.85 1.26 1.17 1.11 1.03 1.14 1.11
      • 2023
      • 2022
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
      Cost-to-Income 38.7 42.9 45.0 43.8 42.7 43.4 42.4 44.6 42.0 39.1
      Cost-to-Income excluding non-core gains 38.7 42.9 45.0 43.8 42.7 43.4 42.4 44.6 42.0 41.0
      Loans-to-Deposits 80.5 83.3 83.6 83.7 86.5 86.4 82.5 82.9 84.5 84.5
      Non-performing Loan Ratio 1.0 1.2 1.5 1.5 1.5 1.5 1.5 1.3 0.9 0.6
      Return on Equity (ROE) 13.7 11.1 9.6 7.6 11.2 11.5 11.0 10.0 12.3 14.8
      Core ROE 13.7 11.1 9.6 7.6 11.4 11.5 11.0 10.0 12.3 13.2
      Core Return on Assets 4/ 1.46 1.21 1.13 0.85 1.26 1.17 1.11 1.03 1.14 1.11

    • Per Ordinary Share (S$) 4/

      2023Per Ordinary Share (S$) <sup>4/<sub>Per Ordinary Share (S$) <sup>4/<sub>
      2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
      Basic Earnings 1.55 1.22 1.07 0.80 1.12 1.06 0.95 0.82 0.95 1.03
      Basic Core Earnings 1.55 1.22 1.07 0.80 1.14 1.06 0.95 0.82 0.95 0.92
      Dividend (cents) 5/ 82.0 68.0 53.0 31.8 53.0 43.0 37.0 36.0 36.0 36.0
      Net asset value 11.77 10.99 11.46 10.82 10.38 9.56 8.96 8.49 8.03 7.46
      • 2023
      • 2022
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
      Basic Earnings 1.55 1.22 1.07 0.80 1.12 1.06 0.95 0.82 0.95 1.03
      Basic Core Earnings 1.55 1.22 1.07 0.80 1.14 1.06 0.95 0.82 0.95 0.92
      Dividend (cents) 5/ 82.0 68.0 53.0 31.8 53.0 43.0 37.0 36.0 36.0 36.0
      Net asset value 11.77 10.99 11.46 10.82 10.38 9.56 8.96 8.49 8.03 7.46


    1/ In 2023, figures for 2022 were restated with the adoption of Singapore Financial Reporting Standards (International) 17.
    2/ In 2018, figures for 2017 were restated with the adoption of Singapore Financial Reporting Standards (International) and GEH accounting policy change.
    3/ In 2020, comparatives from 2016 to 2019 were reclassified to conform with the change in presentation.
    4/ The computation of return on assets excludes investment securities and other assets for life insurance funds.
    5/ In July 2020, the MAS called on locally-incorporated banks headquartered in Singapore to cap total dividends per share for 2020 at 60% of that for 2019. This aims to bolster the banks’ resilience and capacity to support lending to customers while also meeting the needs of shareholders. In July 2021, the dividend cap was lifted for the 2021 dividend.

    Download Historical Financials (89KB)

    Extract of audited financial statements

    FAQs
    Common questions
    When does OCBC release its financial results?

    Our quarterly results are released within 45 days of the close of the quarter and audited results within 2 months of the financial year ending on 31 December. Please view our Financial Calendar for results announcement information.

    Where can I get a copy of OCBC's financial results?

    Past financial results can be found in the Financial Results section.

    Where can I get a copy of the annual report?

    Softcopies may be downloaded from the Annual report and AGM section.

    Where can I view OCBC's results briefing?

    Webcast link for the latest half year/full year results briefing can be found in the Financial Results section.