# OCBC third-quarter net profit up 3% on-year, above forecasts

- URL: https://talkfuse.com/story/ocbc-third-quarter-net-profit-up-3-on-year-above-forecasts/
- Published: 2026-11-06T00:11:23+00:00
- Updated: 2026-11-06T00:39:40+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/singapore/ocbc-earnings-q3-2026-net-profit-6529241
- Topics: World

## Key points

- OCBC earned S$2.04 billion in the third quarter, up 3 per cent.
- Profit topped forecasts despite weaker insurance and trading income.
- The bank raised its 2026 loan growth outlook to low double digits.

## Summary

OCBC’s third-quarter net profit rose 3 per cent from a year earlier to S$2.04 billion, slightly exceeding analysts’ forecasts. The results came despite weaker performance at its insurance arm, Great Eastern, and the bank raised its loan growth outlook for 2026.

Net interest income increased 4 per cent, supported by customer lending, but net interest margin fell by 18 basis points. Trading income declined 10 per cent and insurance income fell 37 per cent; Great Eastern recorded bond valuation losses and did not repeat the previous quarter’s equity gains. OCBC now expects low double-digit loan growth, total income growth of at least mid-single digits and credit costs of 15 to 20 basis points.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.