Oversea-Chinese Banking Corporation (OCBC) reported a record net profit of S$4.19 billion for the first half of 2026. This marks a 13% increase from the previous year.
A 36% surge in non-interest income largely drove this performance. This surge offset a 3% decline in net interest income. A softer interest rate environment contributed to the net interest income decline.
Wealth management income climbed 27% to a record S$3.29 billion. This segment now accounts for 41% of the group's total income.
Second-quarter net profit rose 22% year-over-year to S$2.22 billion. This figure also beat expectations.
OCBC's asset quality remained stable. The non-performing loan ratio stood at 0.9%.
OCBC declared an interim dividend of 47 cents per share. This represents a 15% increase from 41 cents a year ago.
The bank also raised its full-year loan growth forecast. This signals confidence despite ongoing geopolitical and economic uncertainties.