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OCBC Group 1Q26 Net Profit Up 5% YoY to SGD1.97B, Total Income Hits Record High
OCBC Group announced net profit of SGD1.97 billion for 1Q26, up 5% YoY and 13% QoQ. Total income reached SGD3.828 billion, up 5% YoY and 6% QoQ, setting a new record high. Annualis...
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OCBC Group 1Q26 Net Profit Up 5% YoY to SGD1.97B, Total Income Hits Record High
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OCBC Group announced net profit of SGD1.97 billion for 1Q26, up 5% YoY and 13% QoQ. Total income reached SGD3.828 billion, up 5% YoY and 6% QoQ, setting a new record high. Annualised EPS was SGD1.76, with return on equity at 13%.

The Group said the solid performance in 1Q was mainly driven by record non-interest income, with strong performance in its wealth management business. Non-interest income rose by more than 20% YoY and QoQ, with fee income, trading income and insurance income all recording broad-based growth.

In view of rising macro-environment risks, the Group prudently set aside provisions of SGD191 million for non-impaired assets. The total allowance coverage ratio for non-performing assets increased to 163%. (ha/da)

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