OCBC Bank O39

SGD 29.29 -0.17% -0.05 Updated 30 Oct 2026, 17:16 SGT

Financials

Annual Report 2025

Open annual report

Explore the statements

9 tables

Income Statements

27 metrics

Units appear below each metric. Scroll to compare years

Income Statements from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Bank	2024Bank	Source
Income statement
Interest income$ million	20,076	22,444	14,558	16,532	PDF p. 125
Interest expense$ million	(10,926)	(12,689)	(9,038)	(10,402)	PDF p. 125
Net interest income$ million	9,150	9,755	5,520	6,130	PDF p. 125
Insurance service results from life insurance (1)$ million	927	592	–	–	PDF p. 125
Net investment income from life insurance$ million	7,365	6,124	–	–	PDF p. 125
Net insurance financial result from life insurance$ million	(7,237)	(5,811)	–	–	PDF p. 125
Insurance service results from general insurance$ million	14	12	–	–	PDF p. 125
Fees and commissions (net)$ million	2,411	1,970	1,160	943	PDF p. 125
Dividends from subsidiaries and associates$ million	–	–	1,753	1,668	PDF p. 125
Net trading income$ million	1,684	1,537	720	739	PDF p. 125
Other income$ million	300	294	134	1,171	PDF p. 125
Non-interest income$ million	5,464	4,718	3,767	4,521	PDF p. 125
Total income$ million	14,614	14,473	9,287	10,651	PDF p. 125
Staff costs$ million	(3,907)	(3,837)	(1,433)	(1,448)	PDF p. 125
Other operating expenses$ million	(1,975)	(1,905)	(1,514)	(1,532)	PDF p. 125
Total operating expenses$ million	(5,882)	(5,742)	(2,947)	(2,980)	PDF p. 125
Operating profit before allowances and amortisation$ million	8,732	8,731	6,340	7,671	PDF p. 125
Amortisation of intangible assets$ million	(21)	(59)	–	–	PDF p. 125
Allowances for loans and other assets$ million	(665)	(690)	(428)	(191)	PDF p. 125
Operating profit after allowances and amortisation$ million	8,046	7,982	5,912	7,480	PDF p. 125
Share of results of associates, net of tax$ million	1,077	994	–	–	PDF p. 125
Profit before income tax$ million	9,123	8,976	5,912	7,480	PDF p. 125
Income tax expense$ million	(1,563)	(1,228)	(813)	(619)	PDF p. 125
Profit for the year$ million	7,560	7,748	5,099	6,861	PDF p. 125
Attributable to:
Equity holders of the Bank$ million	7,422	7,587	5,099	6,861	PDF p. 125
Non-controlling interests$ million	138	161	–	–	PDF p. 125
Total attributable profit$ million	7,560	7,748	5,099	6,861	PDF p. 125

Definitions & sources

Original report: PDF p. 125 ↗

(1) Includes insurance revenue of $6,466 million (2024: $6,180 million) and insurance service expense of $5,634 million (2024: $5,701 million).

Earnings per share is reported only for the Group in this table.

Earnings per share ($)

2 metrics

Units appear below each metric. Scroll to compare years

Earnings per share ($) from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Earnings per share ($)
Basic$ per share	1.63	1.67	PDF p. 125
Diluted$ per share	1.63	1.67	PDF p. 125

Definitions & sources

Original report: PDF p. 125 ↗

Balance Sheets

41 metrics

Units appear below each metric. Scroll to compare years

Balance Sheets from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Bank	2024Bank	Source
EQUITY
Share capital$ million	17,887	18,096	17,887	18,096	PDF p. 127
Other equity instruments$ million	1,698	1,698	1,698	1,698	PDF p. 127
Capital reserves$ million	765	830	528	534	PDF p. 127
Fair value reserves$ million	749	313	20	(225)	PDF p. 127
Revenue reserves$ million	40,669	38,379	22,407	21,929	PDF p. 127
Attributable to equity holders of the Bank
Subtotal$ million	61,768	59,316	42,540	42,032	PDF p. 127
EQUITY
Other equity instruments issued by subsidiary$ million	676	–	–	–	PDF p. 127
Non-controlling interests$ million	1,126	1,064	–	–	PDF p. 127
Total equity$ million	63,570	60,380	42,540	42,032	PDF p. 127
LIABILITIES
Deposits of non-bank customers$ million	428,286	390,687	288,283	253,175	PDF p. 127
Deposits and balances of banks$ million	15,280	11,565	12,526	8,951	PDF p. 127
Due to subsidiaries$ million	–	–	42,735	46,602	PDF p. 127
Due to associates$ million	283	324	209	232	PDF p. 127
Trading portfolio liabilities$ million	197	281	197	222	PDF p. 127
Derivative payables$ million	14,078	16,238	12,636	12,855	PDF p. 127
Other liabilities$ million	12,004	9,370	5,187	3,982	PDF p. 127
Current tax payables$ million	1,118	879	766	560	PDF p. 127
Deferred tax liabilities$ million	991	841	165	138	PDF p. 127
Debt issued$ million	30,482	31,553	28,960	30,321	PDF p. 127
LIABILITIES subtotal
Subtotal$ million	502,719	461,738	391,664	357,038	PDF p. 127
LIABILITIES
Insurance contract liabilities and other liabilities for life insurance funds$ million	109,399	102,932	–	–	PDF p. 127
Total liabilities$ million	612,118	564,670	391,664	357,038	PDF p. 127
Total equity and liabilities$ million	675,688	625,050	434,204	399,070	PDF p. 127
ASSETS
Cash and placements with central banks$ million	30,756	34,599	27,095	30,525	PDF p. 127
Singapore government treasury bills and securities$ million	21,506	14,316	20,451	13,182	PDF p. 127
Other government treasury bills and securities$ million	44,898	30,369	22,681	11,196	PDF p. 127
Placements with and loans to banks$ million	37,942	42,407	25,548	32,174	PDF p. 127
Loans to customers$ million	336,692	315,096	245,802	227,598	PDF p. 127
Debt and equity securities$ million	53,267	43,413	33,093	26,311	PDF p. 127
Derivative receivables$ million	13,035	17,203	11,640	13,582	PDF p. 127
Other assets$ million	9,622	7,761	4,379	3,784	PDF p. 127
Deferred tax assets$ million	489	538	239	175	PDF p. 127
Associates$ million	8,799	8,153	2,199	2,234	PDF p. 127
Subsidiaries$ million	–	–	37,795	35,471	PDF p. 127
Property, plant and equipment$ million	4,041	3,725	1,360	914	PDF p. 127
Investment property$ million	672	675	55	57	PDF p. 127
Goodwill and other intangible assets$ million	4,360	4,504	1,867	1,867	PDF p. 127
ASSETS subtotal
Subtotal$ million	566,079	522,759	434,204	399,070	PDF p. 127
ASSETS
Investment securities for life insurance funds$ million	100,151	94,452	–	–	PDF p. 127
Other assets for life insurance funds$ million	9,458	7,839	–	–	PDF p. 127
Total assets$ million	675,688	625,050	434,204	399,070	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

Statements of Comprehensive Income

15 metrics

Units appear below each metric. Scroll to compare years

Statements of Comprehensive Income from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Bank	2024Bank	Source
Profit for the year$ million	7,560	7,748	5,099	6,861	PDF p. 126
Items that may be reclassified subsequently to income statement / Financial assets, at FVOCI (1)
Fair value gains for the year$ million	788	344	259	245	PDF p. 126
Items that may be reclassified subsequently to income statement / Reclassification of (gains)/losses to income statement
– on disposal$ million	(71)	(12)	6	(14)	PDF p. 126
– on impairment$ million	(3)	(4)	(4)	5	PDF p. 126
Items that may be reclassified subsequently to income statement / Financial assets, at FVOCI (1)
Tax on net movements$ million	(95)	(21)	(14)	(4)	PDF p. 126
Items that may be reclassified subsequently to income statement
Cash flow and other hedges$ million	(91)	70	(90)	94	PDF p. 126
Net insurance financial result$ million	(193)	(77)	–	–	PDF p. 126
Currency translation on foreign subsidiaries and overseas branches$ million	(424)	334	(56)	(52)	PDF p. 126
Other comprehensive (losses)/income of associates$ million	(335)	388	–	–	PDF p. 126
Items that will not be reclassified subsequently to income statement
Currency translation on foreign operations attributable to non-controlling interests$ million	(44)	(2)	–	–	PDF p. 126
Equity instruments, at FVOCI,(1) net change in fair value$ million	171	172	(#)	(9)	PDF p. 126
Defined benefit plans remeasurements$ million	2	#	(#)	#	PDF p. 126
Own credit$ million	(#)	(1)	(#)	(#)	PDF p. 126
Other comprehensive income
Total other comprehensive income, net of tax$ million	(295)	1,191	101	265	PDF p. 126
Total comprehensive income for the year, net of tax$ million	7,265	8,939	5,200	7,126	PDF p. 126

Definitions & sources

Original report: PDF p. 126 ↗

(1) Fair value through other comprehensive income.

(2) # represents amounts less than $0.5 million.

Total comprehensive income attributable to

3 metrics

Units appear below each metric. Scroll to compare years

Total comprehensive income attributable to from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Total comprehensive income attributable to
Equity holders of the Bank$ million	7,150	8,763	PDF p. 126
Non-controlling interests$ million	115	176	PDF p. 126
Subtotal$ million	7,265	8,939	PDF p. 126

Definitions & sources

Original report: PDF p. 126 ↗

(2) # represents amounts less than $0.5 million.

Consolidated Cash Flow Statement

50 metrics

Units appear below each metric. Scroll to compare years

Consolidated Cash Flow Statement from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Cash flows from operating activities
Profit before income tax$ million	9,123	8,976	PDF p. 131
Adjustments for non-cash items
Allowances for loans and other assets$ million	665	690	PDF p. 131
Amortisation of intangible assets$ million	21	59	PDF p. 131
Change in hedging transactions, fair value through profit or loss securities and debt issued$ million	377	356	PDF p. 131
Depreciation of property, plant and equipment and interest expense on lease liabilities$ million	551	463	PDF p. 131
Net (gain)/loss on disposal of interests in associates/subsidiaries$ million	(63)	#	PDF p. 131
Net gain on disposal of government, debt and equity securities$ million	(58)	(24)	PDF p. 131
Net gain on disposal of property, plant and equipment$ million	(18)	(36)	PDF p. 131
Share-based costs$ million	62	62	PDF p. 131
Share of results of associates, net of tax$ million	(1,077)	(994)	PDF p. 131
Others$ million	–	(72)	PDF p. 131
Cash flows from operating activities
Operating profit before change in operating assets and liabilities$ million	9,583	9,480	PDF p. 131
Change in operating assets and liabilities
Deposits of non-bank customers$ million	37,565	26,052	PDF p. 131
Deposits and balances of banks$ million	3,716	679	PDF p. 131
Derivative payables and other liabilities$ million	(571)	3,482	PDF p. 131
Trading portfolio liabilities$ million	(84)	87	PDF p. 131
Restricted balances with central banks$ million	(439)	(354)	PDF p. 131
Government securities and treasury bills$ million	(21,411)	1,188	PDF p. 131
Fair value through profit or loss securities$ million	(4,840)	(3,195)	PDF p. 131
Placements with and loans to banks$ million	4,465	(4,246)	PDF p. 131
Loans to customers$ million	(22,082)	(22,330)	PDF p. 131
Derivative receivables and other assets$ million	2,616	(3,969)	PDF p. 131
Net change in other assets and liabilities for life insurance funds$ million	2,087	(1,321)	PDF p. 131
Cash flows from operating activities
Cash provided by operating activities$ million	10,605	5,553	PDF p. 131
Income tax paid (1)$ million	(1,480)	(1,589)	PDF p. 131
Net cash provided by operating activities$ million	9,125	3,964	PDF p. 131
Cash flows from investing activities
Net cash outflow from acquisition of subsidiary$ million	–	(31)	PDF p. 131
Dividends from associates$ million	294	158	PDF p. 131
Purchases of debt and equity securities$ million	(41,960)	(34,021)	PDF p. 131
Purchases of investment securities for life insurance funds$ million	(60,728)	(45,566)	PDF p. 131
Purchases of property, plant and equipment$ million	(983)	(614)	PDF p. 131
Proceeds from disposal of debt and equity securities$ million	36,193	30,750	PDF p. 131
Proceeds from disposal of interests in associates$ million	115	#	PDF p. 131
Proceeds from disposal of investment securities for life insurance funds$ million	58,728	44,948	PDF p. 131
Proceeds from disposal of property, plant and equipment$ million	45	44	PDF p. 131
Net cash used in investing activities$ million	(8,296)	(4,332)	PDF p. 131
Cash flows from financing activities
Changes in non-controlling interests$ million	–	(643)	PDF p. 131
Buy-back of shares for holding as treasury shares/cancellation$ million	(445)	(194)	PDF p. 131
Dividends and distributions paid$ million	(4,545)	(3,987)	PDF p. 131
Net (redemption)/issue of other debt issued (Note 21.6)$ million	(558)	4,557	PDF p. 131
Net proceeds from perpetual capital securities issued$ million	676	450	PDF p. 131
Repayments of lease liabilities$ million	(43)	(78)	PDF p. 131
Proceeds from subordinated debt issued (Note 21.6)$ million	1,438	1,165	PDF p. 131
Redemption of subordinated debt issued (Note 21.6)$ million	(1,284)	(1,352)	PDF p. 131
Proceeds from treasury shares transferred/sold under the Bank’s employee share schemes$ million	120	152	PDF p. 131
Net cash (used in)/provided by financing activities$ million	(4,641)	70	PDF p. 131
Cash and cash equivalents reconciliation
Net change in cash and cash equivalents$ million	(3,812)	(298)	PDF p. 131
Net currency translation adjustments$ million	(469)	257	PDF p. 131
Cash and cash equivalents at 1 January$ million	28,829	28,870	PDF p. 131
Cash and cash equivalents at 31 December (Note 23)$ million	24,548	28,829	PDF p. 131

Definitions & sources

Original report: PDF p. 131 ↗

(1) In 2025, the Group paid income tax of $1,480 million (2024: $1,589 million), of which $709 million (2024: $786 million) was paid in Singapore and $771 million (2024: $803 million) in other jurisdictions.

(2) # represents amounts less than $0.5 million.

Group Five-Year Summary

24 metrics

Units appear below each metric. Scroll to compare years

Group Five-Year Summary from Annual Report 2025
Metric / unit	2021Group	2022Group	2023Group	2024Group	2025Group	Source
Selected Income Statement Items
Total income$ million	10,596	11,286	13,507	14,473	14,614	PDF p. 4
Operating expenses$ million	4,764	4,838	5,223	5,742	5,882	PDF p. 4
Operating profit before allowances and amortisation$ million	5,832	6,448	8,284	8,731	8,732	PDF p. 4
Amortisation of intangible assets$ million	103	104	103	59	21	PDF p. 4
Allowances for loans and other assets$ million	873	584	733	690	665	PDF p. 4
Profit before income tax$ million	5,680	6,670	8,401	8,976	9,123	PDF p. 4
Net profit attributable to equity holders of the Bank$ million	4,858	5,526	7,021	7,587	7,422	PDF p. 4
Cash basis net profit attributable to equity holders of the Bank(2)$ million	4,961	5,630	7,124	7,646	7,443	PDF p. 4
Selected Balance Sheet Items
Net loans to customers$ million	286,281	291,467	292,754	315,096	336,692	PDF p. 4
Deposits of non-bank customers$ million	342,395	350,081	363,770	390,687	428,286	PDF p. 4
Total assets$ million	542,187	556,924	581,424	625,050	675,688	PDF p. 4
Assets excluding investment securities and other assets for life insurance funds$ million	442,091	461,927	483,907	522,759	566,079	PDF p. 4
Total liabilities$ million	487,849	504,499	525,870	564,670	612,118	PDF p. 4
Ordinary equity$ million	51,463	49,417	52,920	57,616	60,070	PDF p. 4
Equity attributable to equity holders of the Bank$ million	52,663	51,117	54,170	59,316	61,768	PDF p. 4
Per Ordinary Share
Basic earnings$	1.07	1.22	1.55	1.67	1.63	PDF p. 4
Dividend (cents)cents	53.0	68.0	82.0	101.0	99.0	PDF p. 4
Net asset value$	11.46	10.99	11.77	12.80	13.38	PDF p. 4
Ratios
Return on equity%	9.6	11.1	13.7	13.7	12.6	PDF p. 4
Return on assets (3)%	1.13	1.21	1.46	1.53	1.37	PDF p. 4
Dividend cover (times)times	2.02	1.79	1.89	1.66	1.65	PDF p. 4
Cost-to-income%	45.0	42.9	38.7	39.7	40.2	PDF p. 4
Capital adequacy ratios (4)
Common Equity Tier 1%	15.5	15.2	15.9	17.1	16.9	PDF p. 4
Tier 1%	16.0	15.9	16.5	17.8	17.6	PDF p. 4

Definitions & sources

Original report: PDF p. 4 ↗

(1) 2022 figures were restated with the adoption of Singapore Financial Reporting Standards (International) 17.

(2) Excludes amortisation of intangible assets.

(3) Computation of return on assets excludes investment securities and other assets for life insurance funds.

(4) The Group’s capital adequacy ratios for 2025 and 2024 were computed based on MAS’ final Basel III Reforms requirements which came into effect on 1 July 2024, and are being progressively phased in between 1 July 2024 and 1 January 2029. Prior to 2024, the Group’s capital adequacy ratios were computed based on MAS’ fully phased-in Basel III rules.

OCBC Share Price Performance ($)

5 metrics

Units appear below each metric. Scroll to compare years

OCBC Share Price Performance ($) from Annual Report 2025
Metric / unit	2021Group	2022Group	2023Group	2024Group	2025Group	Source
Share Price
Highest$	12.57	13.41	13.32	17.00	19.90	PDF p. 5
Lowest$	10.06	11.22	12.05	12.72	14.42	PDF p. 5
Average$	11.62	12.04	12.63	14.51	17.04	PDF p. 5
Last Done$	11.40	12.18	13.00	16.69	19.76	PDF p. 5
Market Capitalisation (based on last done price)$ billion	51.2	54.7	58.4	75.1	88.7	PDF p. 5

Definitions & sources

Original report: PDF p. 5 ↗

Ratios

3 metrics

Units appear below each metric. Scroll to compare years

Ratios from Annual Report 2025
Metric / unit	2021Group	2022Group	2023Group	2024Group	2025Group	Source
Ratios
Price-to-earnings (number of times)(2)times	10.86	9.87	8.15	8.69	10.45	PDF p. 5
Price-to-NAV (number of times)(2)times	1.01	1.10	1.07	1.13	1.27	PDF p. 5
Dividend yield (%) (3)%	4.56	5.65	6.49	6.96	5.81	PDF p. 5

Definitions & sources

Original report: PDF p. 5 ↗

(1) Ratios are computed based on average share prices.

(2) 2022 was restated with the adoption of SFRS(I) 17.

(3) Computed based on ordinary dividend, and special dividend where applicable.

Where the money comes from

Segment information

By business

Business Segments – year ended 31 December 15 lines

Business Segments – year ended 31 December
Item / unit	2025Global Consumer/Private Banking	2025Global Wholesale Banking	2025Global Markets	2025Insurance	2025Others	2025Group	2024Global Consumer/Private Banking	2024Global Wholesale Banking	2024Global Markets	2024Insurance	2024Others	2024Group	Source
Year ended 31 December
Net interest income$ million	2,945	4,807	1,029	205	164	9,150	3,242	5,085	560	173	695	9,755	PDF p. 207 PDF p. 208
Non-interest income$ million	2,468	1,118	381	1,517	(20)	5,464	1,963	990	436	1,253	76	4,718	PDF p. 207 PDF p. 208
Total income$ million	5,413	5,925	1,410	1,722	144	14,614	5,205	6,075	996	1,426	771	14,473	PDF p. 207 PDF p. 208
Operating profit before allowances and amortisation$ million	2,278	4,087	945	1,497	(75)	8,732	2,252	4,264	575	1,216	424	8,731	PDF p. 207 PDF p. 208
Amortisation of intangible assets$ million	(14)	–	–	(7)	–	(21)	(15)	–	–	(24)	(20)	(59)	PDF p. 207 PDF p. 208
Allowances for loans and other assets$ million	(55)	(499)	3	1	(115)	(665)	(66)	(808)	(9)	(2)	195	(690)	PDF p. 207 PDF p. 208
Operating profit after allowances and amortisation$ million	2,209	3,588	948	1,491	(190)	8,046	2,171	3,456	566	1,190	599	7,982	PDF p. 207 PDF p. 208
Share of results of associates, net of tax$ million	–	–	–	–	1,077	1,077	–	–	–	–	994	994	PDF p. 207 PDF p. 208
Profit before income tax$ million	2,209	3,588	948	1,491	887	9,123	2,171	3,456	566	1,190	1,593	8,976	PDF p. 207 PDF p. 208
Other information
Capital expenditure$ million	93	49	1	120	829	1,092	86	17	1	114	470	688	PDF p. 207 PDF p. 208
Depreciation$ million	105	18	5	10	406	544	99	14	4	7	332	456	PDF p. 207 PDF p. 208
At 31 December
Segment assets$ million	151,401	225,800	157,042	122,970	53,198	710,411	147,452	212,508	139,864	114,296	54,798	668,918	PDF p. 207 PDF p. 208
Segment liabilities$ million	217,383	188,350	89,171	111,187	39,130	645,221	207,593	165,784	82,282	104,402	47,295	607,356	PDF p. 207 PDF p. 208
Other information
Gross non-bank loans$ million	116,645	220,055	3,773	480	167	341,120	107,752	207,785	3,189	323	117	319,166	PDF p. 207 PDF p. 208
NPAs$ million	654	2,586	2	1	–	3,243	577	2,288	3	1	–	2,869	PDF p. 207 PDF p. 208

Notes

Rows for Unallocated assets/liabilities and Elimination have a single printed value, in the Group column only.

Prior-period segment information is reclassified where material changes occur in organisational structure and management reporting methodologies.

By geography

Geographical Segments 7 lines

Geographical Segments
Item / unit	2025Total income	2025Profit before income tax	2025Income tax expenses	2025Capital expenditure	2025Total assets	2025Total liabilities	2024Total income	2024Profit before income tax	2024Income tax expenses	2024Capital expenditure	2024Total assets	2024Total liabilities	Source
Singapore$ million	8,644	5,056	797	844	396,538	395,072	8,913	5,489	690	470	362,744	360,717	PDF p. 209
Malaysia$ million	1,860	1,378	302	90	74,955	59,801	1,655	1,139	225	73	68,066	55,505	PDF p. 209
Indonesia$ million	1,054	493	108	26	24,895	21,213	1,085	527	114	42	24,657	20,986	PDF p. 209
Greater China$ million	2,008	1,671	97	89	105,110	77,566	1,863	1,277	36	98	103,540	75,355	PDF p. 209
Other Asia Pacific$ million	323	179	58	9	25,456	14,334	309	149	43	4	22,945	12,846	PDF p. 209
Rest of the World$ million	725	346	201	34	48,734	44,132	648	395	120	1	43,098	39,261	PDF p. 209
Total (unlabelled)$ million	14,614	9,123	1,563	1,092	675,688	612,118	14,473	8,976	1,228	688	625,050	564,670	PDF p. 209

Notes

The Group's operations are in six main geographical areas. The geographical information is prepared based on the country in which the transactions are booked. It would not be materially different if it is based on the country in which the counterparty or assets are located. The geographical information is stated after elimination of intra-group transactions and balances.

The total row has no printed label.

Debt

Borrowings

Borrowing notes 4 tables

Debt Issued (Group and Bank)

Debt Issued (Group and Bank)
Item / unit	2025GROUP	2024GROUP	2025BANK	2024BANK	Source
Debt issued by type
Subordinated debt$ million	3,551	3,492	2,899	3,001	PDF p. 176
Fixed and floating rate notes$ million	4,689	3,938	3,867	3,212	PDF p. 176
Commercial paper$ million	15,299	17,867	15,251	17,852	PDF p. 176
Structured notes$ million	5,428	4,833	5,428	4,833	PDF p. 176
Covered bonds$ million	1,515	1,423	1,515	1,423	PDF p. 176
Total debt issued$ million	30,482	31,553	28,960	30,321	PDF p. 176

Notes

Interest rates/terms of individual issues are in Note 21.1-21.5 (e.g. subordinated notes 1.832%-5.520%; AUD floating notes 3-month BBSW plus 0.36% to 0.82%). Report does not split debt issued into secured/unsecured or current/non-current in this note; covered bonds are secured by a portfolio of Singapore housing loans.

Subordinated Debt

Subordinated Debt
Item / unit	2025GROUP	2024GROUP	Source
Issued by the Bank (maturity 10 Sep 2030)
USD1 billion 1.832% notes$ million	–	1,326	PDF p. 176
Issued by the Bank (maturity 15 Jun 2032)
USD0.75 billion 4.602% notes$ million	956	990	PDF p. 176
Issued by the Bank (maturity 21 May 2034)
USD0.50 billion 5.520% notes$ million	661	685	PDF p. 176
Issued by the Bank (maturity 8 Sep 2035)
USD1 billion 4.550% notes$ million	1,282	–	PDF p. 176
Issued by The Great Eastern Life Assurance Company Limited (maturity 17 Apr 2039)
SGD0.50 billion 3.928% notes$ million	497	491	PDF p. 176
Issued by Great Eastern Life Assurance (Malaysia) Berhad (maturity 18 Dec 2035)
MYR0.10 billion 3.750% notes$ million	31	–	PDF p. 176
Issued by Great Eastern Life Assurance (Malaysia) Berhad (maturity 18 Dec 2037)
MYR0.40 billion 3.850% notes$ million	124	–	PDF p. 176
Total
Total subordinated debt$ million	3,551	3,492	PDF p. 176

Notes

Issue and maturity dates printed in the table; USD1bn 1.832% notes redeemed 10 September 2025. Currency denomination as in label; amounts in $ million.

Fixed and Floating Rate Notes (totals by issuer)

Fixed and Floating Rate Notes (totals by issuer)
Item / unit	2025GROUP	2024GROUP	Source
Issued by the Bank (14 Jan 2025 – 14 Jan 2028)
AUD1,000 million floating rate notes$ million	859	–	PDF p. 178
Subtotal Bank
Issued by the Bank:$ million	3,867	3,212	PDF p. 178
Subtotal
Issued by Pac Lease Berhad:$ million	193	163	PDF p. 178
Issued by OCBC Bank Limited:$ million	498	548	PDF p. 178
Issued by PT Bank OCBC NISP Tbk:$ million	115	–	PDF p. 178
Total
Total fixed and floating rate notes$ million	4,689	3,938	PDF p. 178

Notes

(b) Interest is payable quarterly at the 3-month Bank Bill Swap reference rate plus from 0.36% to 0.82% per annum.

Subtotal rows have no printed label of their own; labelled by the issuer heading above. Fixed rates: Pac Lease MYR notes 3.59%-4.50%; OCBC Bank Limited CNY bonds 1.95%-3.24%; OCBC NISP IDR notes 6.25%-6.55%; Great Eastern Capital (Malaysia) MYR50m 4.58% notes (16 / 15).

Note 21.3-21.5 Commercial Paper, Structured Notes, Covered Bonds

Note 21.3-21.5 Commercial Paper, Structured Notes, Covered Bonds
Item / unit	2025GROUP	2024GROUP	Source
21.3 Commercial Paper
Issued by the Bank$ million	15,251	17,852	PDF p. 179
Issued by subsidiary$ million	48	15	PDF p. 179
21.4 Structured Notes
Credit Linked Notes$ million	963	939	PDF p. 179
Fixed Rate Notes$ million	1,354	559	PDF p. 179
Participation Notes$ million	1,258	1,272	PDF p. 179
21.5 Covered Bonds
EUR500 million 3.290% fixed rate bonds$ million	763	722	PDF p. 180
EUR500 million 2.481% fixed rate bonds$ million	752	–	PDF p. 180

Notes

Commercial paper under USD10bn ECP and USD25bn USCP programmes, zero-coupon or floating coupon pegged to monthly or quarterly market rates; 2025 papers mature between 2 January 2026 and 2 October 2026. Only selected structured note rows extracted; other types (Index Linked 11/24, Bond Linked 973/1,467, Equity Linked 636/410, Fund Linked 233/162) are on page 179. Covered bonds secured by a portfolio of Singapore housing loans; EUR500m 0.625% bonds (701 in 2024) matured 18 Apr 2025.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Target payout ratio	Total payout will amount to $4.45 billion, which is in line with the Group’s target payout ratio of 50% for ordinary dividend and 10% for special dividend for 2025.	Group, FY2025	PDF p. 100

Dividends declared and proposed

Item	Value	Period / scope	Source
Interim dividend 2025	41 cents per share	Bank/Group ordinary shares, FY2025 interim (first half)	PDF p. 169
Final ordinary dividend 2025 (proposed)	42 cents per share	FY2025 final, proposed	PDF p. 169
Special tax-exempt dividend 2025 (proposed)	16 cents per share	FY2025 special, proposed	PDF p. 169
Total ordinary dividend for 2025	83 cents per share	FY2025 ordinary (interim 41 + final 42)	PDF p. 100
Dividend (cents)	99.0 cents per share	Group, per ordinary share, 2025	PDF p. 4
Dividend (cents)	101.0 cents per share	Group, per ordinary share, 2024 comparative	PDF p. 4
Interim dividend 2024	44 cents per share	FY2024 interim, comparative	PDF p. 169
Final dividend 2024	41 cents per share	FY2024 final, comparative (paid in 2025)	PDF p. 169
Special tax-exempt dividend 2024	16 cents per share	FY2024 special, paid in 2025	PDF p. 169
Scrip Dividend Scheme	The Scrip Dividend Scheme will not be applicable to the final ordinary and special dividend.	FY2025 final ordinary and special dividend	PDF p. 100

Payout

Item	Value	Period / scope	Source
Total dividends as share of Group net profit	60%	Group, FY2025	PDF p. 99
Dividend cover (times)	1.65 times	Group, 2025 (2024: 1.66)	PDF p. 4

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

REIT, bank & sector ratios

Key metrics

Bank metrics

Item	Value	Period / scope	Source
Common Equity Tier 1 CAR (5)(6)	16.9%	Group, as at 31 December 2025; comparative 2024: 17.1 · As at 2025-12-31	PDF p. 98
Tier 1 CAR (5)(6)	17.6%	Group, as at 31 December 2025; comparative 2024: 17.8 · As at 2025-12-31	PDF p. 98
Total capital adequacy ratio (CAR) (5)(6)	19.4%	Group, as at 31 December 2025; comparative 2024: 19.7 · As at 2025-12-31	PDF p. 98
Leverage ratio (5)(6)(7)	7.1%	Group, as at 31 December 2025; comparative 2024: 7.4 · As at 2025-12-31	PDF p. 98
Non-performing loan ratio	0.9%	Group, FY2025; comparative 2024: 0.9	PDF p. 98
Net interest margin	1.91%	Group, FY2025; comparative 2024: 2.20	PDF p. 98
Loans-to-deposits	78.6%	Group, FY2025; comparative 2024: 80.7	PDF p. 98
Singapore dollar liquidity coverage ratio (5)(8)	294%	Group, average LCR for 2025; comparative 2024: 299	PDF p. 98
All-currency liquidity coverage ratio (5)(8)	138%	Group, average LCR for 2025; comparative 2024: 141	PDF p. 98
Net stable funding ratio (5)(9)	114%	Group, FY2025; comparative 2024: 113	PDF p. 98
The Group’s CET1 CAR based on fully phased-in final Basel III reforms	15.1%	Group, as at 31 December 2025 (full application effective 1 January 2029) · As at 2025-12-31	PDF p. 78

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Auditor	PricewaterhouseCoopers LLP	Group and Bank, FY2025	PDF p. 124
Engagement partner	Ho Hean Chan	Group and Bank, FY2025	PDF p. 124
Our Opinion	so as to give a true and fair view of the consolidated financial position of the Group	Group and Bank, FY ended 31 December 2025	PDF p. 117

Key audit matters

Item	Value	Period / scope	Source
Impairment of loans to customers	Impairment of loans to customers	Group	PDF p. 118
Impairment of goodwill	Impairment of goodwill	Group	PDF p. 121
Valuation of insurance contract liabilities for life insurance funds	Valuation of insurance contract liabilities for life	Group	PDF p. 122

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.