OCBC reports higher fourth quarter profit and plans to expand wealth footprint in Asia
Singapore's second-largest bank OCBC reported a 3% rise in fourth-quarter profit today. New CEO Tan Teck Long aims to expand wealth management across ASEAN.
Oversea-Chinese Banking Corp (OCBC) reported a 3% year-on-year rise in fourth-quarter net profit, driven by a 37% increase in non-interest income and higher wealth management fees. The results, which close a mixed fourth-quarter earnings season for the Singapore 
SG banking sector, reflect a shift in the bank's income mix as wealth management now contributes 38% of group income. This transition, alongside the bank's confirmed S$2.5 billion capital return plan and an adjusted 2026 outlook, is shaping the company's near-term financial profile.
SG banking sector, reflect a shift in the bank's income mix as wealth management now contributes 38% of group income. This transition, alongside the bank's confirmed S$2.5 billion capital return plan and an adjusted 2026 outlook, is shaping the company's near-term financial profile.
