Upcoming CEO Tan Teck Long is honoured to be leading OCBC, which he sees as a storied bank with impressive legacies. His job experience covers both front-line business development (two-thirds) and risk management (one-third). He sees room to reap synergies through OCBC’s One Group strategy.
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2Q25 Earnings
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Severe NIM compression.
NIM eased by a severe 28bp y-o-y and 12bp q-o-q to 1.92% in 2Q25 due to downward repricing of S$ and HKD-denominated loans, due to the significant drop in benchmark rates. 3M Compounded SORA dropped 50bp in 2Q25, while 3M HIBOR collapsed 220bp.
Loans expanded 9% y-o-y and 3% q-o-q on constant currency basis driven by expansion of Singapore mortgage book and non-trade corporate lending. Net interest income declined 6% y-o-y.
Fee income boosted by wealth management.
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Above is an excerpt from a report by UOB Kay Hian Research. Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
