Weaker OCBC earnings seen as margin pressure persists: report

Its Q3 profit is expected to fall mid-single digits.

RHB Investment Bank expects OCBC Bank’s Q3 2025 profit after tax to decline by a mid-single-digit rate from a year earlier, reflecting softer margins and weaker trading income.

RHB projects a 6% fall in full-year net interest income, partially offset by a 5% rise in total assets. Loan growth remains slow amid trade uncertainty and tariff risks, while mortgage lending in Singapore continues to support performance.

Deposit inflows remain stable, and fixed deposit repricing is helping cushion margin pressure. Wealth management income strengthened in the Q3 as client activity improved, though trading gains stayed volatile.

RHB said management focus will shift in 2026 to capital deployment and regional growth opportunities.