Singapore banks declare multi-billion dollar capital returns; OCBC Q4 profit misses By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2025
0mins
Source: Investing.com
OCBC's Financial Performance: Oversea-Chinese Banking Corp (OCBC) reported a smaller-than-expected profit increase for Q4 2024, with a net profit of S$1.69 billion, and announced a S$2.5 billion capital return plan, which includes special dividends and share buybacks.
Economic Outlook Concerns: Despite strong earnings from other Singapore banks, OCBC's CEO highlighted concerns over global economic uncertainties due to U.S. trade tariffs, while projecting slower loan growth and a potential decline in net interest margins for 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
