OCBC’s Q4 profit up 34% at S$1.3 billion; final dividend at S$0.40

OCBC reported net profit of S$1.3 billion for the fourth quarter ended December 2022, rising 34 per cent from S$973 million the previous year, as net interest income hit a new quarterly high.

Speaking at the bank’s results briefing on Friday (Feb 24), OCBC group chief executive Helen Wong noted that the bank delivered all its financial targets for 2022, as it focused on executing its corporate strategy that it rolled out in 2021.

She said: “The performance was very much attributed to foundations that we have put in place in the previous few years as we steered through the pandemic.”