Overview of OCBC Bank's financials

    Financial results

    Financial calendar

    • 24 February 2021

      2020 Full Year Results

      Announcement of financial results for the Full Year of 2020

    • 29 April 2021

      2021 Annual General Meeting

    • 7 May 2021

      2021 First Quarter Results

      Announcement of financial results for the First Quarter of 2021

    • 4 August 2021*

      2021 Half Year Results

      Announcement of financial results for the Half Year of 2021

    • 3 November 2021*

      2021 Third Quarter Results

      Announcement of financial results for the Third Quarter of 2021

    • * The above dates are indicative and may be subject to change. Any updates will be posted on this website.

    Historical financial highlights

    • Income Statement (S$ million)

      2020Income Statement (S$ million)Income Statement (S$ million)
      2020 2019 2018 2017 1/ 2016 2015 2014 2013 2012 2011
      Total Income 10,139 10,871 9,701 9,528 8,489 8,722 8,340 6,621 7,961 5,661
      Operating Expenses 4,439 4,644 4,214 4,034 3,788 3,664 3,258 2,784 2,695 2,430
      Operating Profit before Allowances and Amortisation 5,700 6,227 5,487 5,485 4,701 5,058 5,082 3,837 5,266 3,231
      Allowances for Loans and Other Assets 2,043 890 288 671 726 488 357 266 271 221
      Net Profit Attributable to Equity Holders of the Bank 3,586 4,869 4,492 4,045 3,473 3,903 3,842 2,768 3,993 2,312
      Excluding non-core gains (S$ million)
      Total Core Income 10,139 10,871 9,701 9,528 8,489 8,722 7,949 6,621 6,645 5,622
      Core Operating Profit 5,700 6,227 5,487 5,485 4,701 5,058 4,691 3,837 3,950 3,192
      Core Net Profit 3,586 4,960 4,492 4,045 3,473 3,903 3,451 2,768 2,825 2,280
      • 2020
      • 2019
      • 2018
      • 2017 1/
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      2020 2019 2018 2017 1/ 2016 2015 2014 2013 2012 2011
      Total Income 10,139 10,871 9,701 9,528 8,489 8,722 8,340 6,621 7,961 5,661
      Operating Expenses 4,439 4,644 4,214 4,034 3,788 3,664 3,258 2,784 2,695 2,430
      Operating Profit before Allowances and Amortisation 5,700 6,227 5,487 5,485 4,701 5,058 5,082 3,837 5,266 3,231
      Allowances for Loans and Other Assets 2,043 890 288 671 726 488 357 266 271 221
      Net Profit Attributable to Equity Holders of the Bank 3,586 4,869 4,492 4,045 3,473 3,903 3,842 2,768 3,993 2,312
      Excluding non-core gains (S$ million)
      Total Core Income 10,139 10,871 9,701 9,528 8,489 8,722 7,949 6,621 6,645 5,622
      Core Operating Profit 5,700 6,227 5,487 5,485 4,701 5,058 4,691 3,837 3,950 3,192
      Core Net Profit 3,586 4,960 4,492 4,045 3,473 3,903 3,451 2,768 2,825 2,280

    • Balance Sheet (S$ million)

      2020Balance Sheet (S$ million)Balance Sheet (S$ million)
      2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
      Total Assets 521,395 491,691 467,543 452,693 409,884 390,190 401,226 338,448 295,943 277,758
      Assets Excluding Life Insurance Fund Investment Securities and Other Assets 424,327 404,353 390,676 378,766 347,911 333,207 343,940 285,043 243,672 228,670
      Net Customer Loans 2/ 263,538 262,348 255,502 234,668 217,295 208,218 207,535 167,854 142,376 133,557
      Deposits of Non-bank Customers 314,907 302,851 295,412 283,642 261,486 246,277 245,519 195,974 165,139 154,555
      Ordinary Equity 48,422 45,662 40,637 37,528 35,507 33,053 29,701 23,720 22,909 20,675
      Equity Attributable to Equity Holders of the Bank 49,622 47,162 42,137 39,028 37,007 34,553 31,097 25,115 25,804 22,571
      • 2020
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
      Total Assets 521,395 491,691 467,543 452,693 409,884 390,190 401,226 338,448 295,943 277,758
      Assets Excluding Life Insurance Fund Investment Securities and Other Assets 424,327 404,353 390,676 378,766 347,911 333,207 343,940 285,043 243,672 228,670
      Net Customer Loans 2/ 263,538 262,348 255,502 234,668 217,295 208,218 207,535 167,854 142,376 133,557
      Deposits of Non-bank Customers 314,907 302,851 295,412 283,642 261,486 246,277 245,519 195,974 165,139 154,555
      Ordinary Equity 48,422 45,662 40,637 37,528 35,507 33,053 29,701 23,720 22,909 20,675
      Equity Attributable to Equity Holders of the Bank 49,622 47,162 42,137 39,028 37,007 34,553 31,097 25,115 25,804 22,571

    • Ratios (%)

      2020Ratios (%)Ratios (%)
      2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
      Cost-to-Income 43.8 42.7 43.4 42.4 44.6 42.0 39.1 42.0 33.8 42.9
      Cost-to-Income excluding non-core gains 43.8 42.7 43.4 42.4 44.6 42.0 41.0 42.0 40.6 43.2
      Loans-to-Deposits 83.7 86.5 86.4 82.5 82.9 84.5 84.5 85.7 86.2 86.4
      Non-performing Loans Ratio 1.5 1.5 1.5 1.5 1.3 0.9 0.6 0.7 0.8 0.9
      Return on Equity (ROE) 7.6 11.2 11.5 11.0 10.0 12.3 14.8 11.6 17.9 11.3
      Core ROE 7.6 11.4 11.5 11.0 10.0 12.3 13.2 11.6 12.5 11.1
      Core Return on Assets 3/ 0.85 1.26 1.17 1.11 1.03 1.14 1.11 1.05 1.19 1.09
      • 2020
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
      Cost-to-Income 43.8 42.7 43.4 42.4 44.6 42.0 39.1 42.0 33.8 42.9
      Cost-to-Income excluding non-core gains 43.8 42.7 43.4 42.4 44.6 42.0 41.0 42.0 40.6 43.2
      Loans-to-Deposits 83.7 86.5 86.4 82.5 82.9 84.5 84.5 85.7 86.2 86.4
      Non-performing Loans Ratio 1.5 1.5 1.5 1.5 1.3 0.9 0.6 0.7 0.8 0.9
      Return on Equity (ROE) 7.6 11.2 11.5 11.0 10.0 12.3 14.8 11.6 17.9 11.3
      Core ROE 7.6 11.4 11.5 11.0 10.0 12.3 13.2 11.6 12.5 11.1
      Core Return on Assets 3/ 0.85 1.26 1.17 1.11 1.03 1.14 1.11 1.05 1.19 1.09

    • Per Ordinary Share (S$) 4/

      2020Per Ordinary Share (S$) <sup>4/<sub>Per Ordinary Share (S$) <sup>4/<sub>
      2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
      Basic Earnings 0.80 1.12 1.06 0.95 0.82 0.95 1.03 0.76 1.10 0.64
      Basic Core Earnings 0.80 1.14 1.06 0.95 0.82 0.95 0.92 0.76 0.77 0.63
      Dividend (cents) 5/ 31.8 53.0 43.0 37.0 36.0 36.0 36.0 34.0 33.0 30.0
      Net asset value 10.82 10.38 9.56 8.96 8.49 8.03 7.46 6.99 6.79 6.20
      • 2020
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
      Basic Earnings 0.80 1.12 1.06 0.95 0.82 0.95 1.03 0.76 1.10 0.64
      Basic Core Earnings 0.80 1.14 1.06 0.95 0.82 0.95 0.92 0.76 0.77 0.63
      Dividend (cents) 5/ 31.8 53.0 43.0 37.0 36.0 36.0 36.0 34.0 33.0 30.0
      Net asset value 10.82 10.38 9.56 8.96 8.49 8.03 7.46 6.99 6.79 6.20


    1/ 2017 figures were restated with the adoption of Singapore Financial Reporting Standards (International).
    2/ Comparatives from 2016 to 2019 have been reclassified to conform with current year’s presentation.
    3/ The computation of return on assets excludes life insurance fund investment securities and other assets.
    4/ Figures prior to 2014 were adjusted for the effects of the 1-for-8 rights issue, effected on 26 September 2014.
    5/ Given the uncertain economic climate, the Monetary Authority of Singapore has called on all locally-incorporated banks headquartered in Singapore to cap the total dividend per share for 2020 at 60 per cent of the prior year's dividend, and to offer shareholders the scrip dividend option.

    Download Historical Financials (89KB)

    FAQs
    Common questions
    When does OCBC release its financial results?

    Our quarterly results are released within 45 days of the close of the quarter and audited results within 2 months of the financial year ending on 31 December. Please view our Financial Calendar for results announcement information.

    Where can I get a copy of OCBC's financial results?

    Past financial results can be found in the Financial Results section.

    Where can I get a copy of the annual report?

    Softcopies may be downloaded from the Annual report and AGM section.

    Where can I view OCBC's results briefing?

    Webcast link for the latest half year/full year results briefing can be found in the Financial Results section.