Overview of OCBC Bank's financials

Financial results

Financial calendar

  • 24 February 2023

    2022 Full Year Results

    Announcement of financial results for the Full Year of 2022

  • 25 April 2023

    2023 Annual General Meeting

  • 10 May 2023

    2023 First Quarter Results

    Announcement of financial results for the First Quarter of 2023

  • 4 August 2023

    2023 Half Year Results

    Announcement of financial results for the Half Year of 2023

  • 10 November 2023

    2023 Third Quarter Results

    Announcement of financial results for the Third Quarter of 2023

Historical financial highlights

  • Income Statement (S$ million)

    2022Income Statement (S$ million)Income Statement (S$ million)
    2022 2021 2020 2019 2018 2017 1/ 2016 2015 2014 2013
    Total Income 11,675 10,596 10,139 10,871 9,701 9,528 8,489 8,722 8,340 6,621
    Operating Expenses 5,026 4,764 4,439 4,644 4,214 4,043 3,788 3,664 3,258 2,784
    Operating Profit before Allowances and Amortisation 6,649 5,832 5,700 6,227 5,487 5,485 4,701 5,058 5,082 3,837
    Allowances for Loans and Other Assets 584 873 2,043 890 288 671 726 488 357 266
    Net Profit Attributable to Equity Holders of the Bank 5,748 4,858 3,586 4,869 4,492 4,045 3,473 3,903 3,842 2,768
    Excluding non-core gains (S$ million)
    Total Core Income 11,675 10,596 10,139 10,871 9,701 9,528 8,489 8,722 7,949 6,621
    Core Operating Profit before Allowances and Amortisation 6,649 5,832 5,700 6,227 5,487 5,485 4,701 5,058 4,691 3,837
    Core Net Profit Attributable to Equity Holders of the Bank 5,748 4,858 3,586 4,960 4,492 4,045 3,473 3,903 3,451 2,768
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017 1/
    • 2016
    • 2015
    • 2014
    • 2013
    2022 2021 2020 2019 2018 2017 1/ 2016 2015 2014 2013
    Total Income 11,675 10,596 10,139 10,871 9,701 9,528 8,489 8,722 8,340 6,621
    Operating Expenses 5,026 4,764 4,439 4,644 4,214 4,043 3,788 3,664 3,258 2,784
    Operating Profit before Allowances and Amortisation 6,649 5,832 5,700 6,227 5,487 5,485 4,701 5,058 5,082 3,837
    Allowances for Loans and Other Assets 584 873 2,043 890 288 671 726 488 357 266
    Net Profit Attributable to Equity Holders of the Bank 5,748 4,858 3,586 4,869 4,492 4,045 3,473 3,903 3,842 2,768
    Excluding non-core gains (S$ million)
    Total Core Income 11,675 10,596 10,139 10,871 9,701 9,528 8,489 8,722 7,949 6,621
    Core Operating Profit before Allowances and Amortisation 6,649 5,832 5,700 6,227 5,487 5,485 4,701 5,058 4,691 3,837
    Core Net Profit Attributable to Equity Holders of the Bank 5,748 4,858 3,586 4,960 4,492 4,045 3,473 3,903 3,451 2,768

  • Balance Sheet (S$ million)

    2022Balance Sheet (S$ million)Balance Sheet (S$ million)
    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
    Total Assets 559,956 542,187 521,395 491,691 467,543 452,693 409,884 390,190 401,226 338,448
    Assets Excluding Life Insurance Fund Investment Securities and Other Assets 461,961 442,091 424,327 404,353 390,676 378,766 347,911 333,207 343,940 285,043
    Net Loans to Customers 2/ 291,467 286,281 263,538 262,348 255,502 234,668 217,295 208,218 207,535 167,854
    Deposits of Non-bank Customers 350,081 342,395 314,907 302,851 295,412 283,642 261,486 246,277 245,519 195,974
    Ordinary Equity 51,387 51,463 48,422 45,662 40,637 37,528 35,507 33,053 29,701 23,720
    Equity Attributable to Equity Holders of the Bank 53,087 52,663 49,622 47,162 42,137 39,028 37,007 34,553 31,097 25,115
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
    Total Assets 559,956 542,187 521,395 491,691 467,543 452,693 409,884 390,190 401,226 338,448
    Assets Excluding Life Insurance Fund Investment Securities and Other Assets 461,961 442,091 424,327 404,353 390,676 378,766 347,911 333,207 343,940 285,043
    Net Loans to Customers 2/ 291,467 286,281 263,538 262,348 255,502 234,668 217,295 208,218 207,535 167,854
    Deposits of Non-bank Customers 350,081 342,395 314,907 302,851 295,412 283,642 261,486 246,277 245,519 195,974
    Ordinary Equity 51,387 51,463 48,422 45,662 40,637 37,528 35,507 33,053 29,701 23,720
    Equity Attributable to Equity Holders of the Bank 53,087 52,663 49,622 47,162 42,137 39,028 37,007 34,553 31,097 25,115

  • Ratios (%)

    2022Ratios (%)Ratios (%)
    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
    Cost-to-Income 43.0 45.0 43.8 42.7 43.4 42.4 44.6 42.0 39.1 42.0
    Cost-to-Income excluding non-core gains 43.0 45.0 43.8 42.7 43.4 42.4 44.6 42.0 41.0 42.0
    Loans-to-Deposits 83.3 83.6 83.7 86.5 86.4 82.5 82.9 84.5 84.5 85.7
    Non-performing Loans Ratio 1.2 1.5 1.5 1.5 1.5 1.5 1.3 0.9 0.6 0.7
    Return on Equity (ROE) 11.1 9.6 7.6 11.2 11.5 11.0 10.0 12.3 14.8 11.6
    Core ROE 11.1 9.6 7.6 11.4 11.5 11.0 10.0 12.3 13.2 11.6
    Core Return on Assets 3/ 1.25 1.13 0.85 1.26 1.17 1.11 1.03 1.14 1.11 1.05
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
    Cost-to-Income 43.0 45.0 43.8 42.7 43.4 42.4 44.6 42.0 39.1 42.0
    Cost-to-Income excluding non-core gains 43.0 45.0 43.8 42.7 43.4 42.4 44.6 42.0 41.0 42.0
    Loans-to-Deposits 83.3 83.6 83.7 86.5 86.4 82.5 82.9 84.5 84.5 85.7
    Non-performing Loans Ratio 1.2 1.5 1.5 1.5 1.5 1.5 1.3 0.9 0.6 0.7
    Return on Equity (ROE) 11.1 9.6 7.6 11.2 11.5 11.0 10.0 12.3 14.8 11.6
    Core ROE 11.1 9.6 7.6 11.4 11.5 11.0 10.0 12.3 13.2 11.6
    Core Return on Assets 3/ 1.25 1.13 0.85 1.26 1.17 1.11 1.03 1.14 1.11 1.05

  • Per Ordinary Share (S$) 4/

    2022Per Ordinary Share (S$) <sup>4/<sub>Per Ordinary Share (S$) <sup>4/<sub>
    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
    Basic Earnings 1.27 1.07 0.80 1.12 1.06 0.95 0.82 0.95 1.03 0.76
    Basic Core Earnings 1.27 1.07 0.80 1.14 1.06 0.95 0.82 0.95 0.92 0.76
    Dividend (cents) 5/ 68.0 53.0 31.8 53.0 43.0 37.0 36.0 36.0 36.0 34.0
    Net asset value 11.43 11.46 10.82 10.38 9.56 8.96 8.49 8.03 7.46 6.99
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
    Basic Earnings 1.27 1.07 0.80 1.12 1.06 0.95 0.82 0.95 1.03 0.76
    Basic Core Earnings 1.27 1.07 0.80 1.14 1.06 0.95 0.82 0.95 0.92 0.76
    Dividend (cents) 5/ 68.0 53.0 31.8 53.0 43.0 37.0 36.0 36.0 36.0 34.0
    Net asset value 11.43 11.46 10.82 10.38 9.56 8.96 8.49 8.03 7.46 6.99


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/ In July 2020, the MAS called on locally-incorporated banks headquartered in Singapore to cap total dividends per share for 2020 at 60% of that for 2019. This aims to bolster the banks’ resilience and capacity to support lending to customers while also meeting the needs of shareholders. In July 2021, the dividend cap was lifted for the 2021 dividend.

Download Historical Financials (89KB)

Extract of audited financial statements
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.