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Direct impact of trade tariffs affects about 3% of OCBC’s loan book; portfolio remains ‘resilient’

The bank’s customer loans stand at S$322 billion as at Mar 31, 2025, up 7% from S$301 billion a year ago

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Renald Yeo

Renald Yeo

Published Fri, May 9, 2025 · 12:30 PM
    • OCBC's total allowances rose 25% year on year to S$212 million, largely due to S$118 million set aside for non-impaired assets on a pre-emptive basis.
    • OCBC's total allowances rose 25% year on year to S$212 million, largely due to S$118 million set aside for non-impaired assets on a pre-emptive basis. PHOTO: TAY CHU YI, BT

    [SINGAPORE] Current trade tariffs are expected to have a “first-order impact” on 3 per cent of OCBC’s loan book, group chief financial officer Goh Chin Yee said at the bank’s first-quarter earnings call on Friday (May 9).

    “We further stress-tested our portfolio for potential vulnerabilities and assessed that our portfolio remains resilient,” Goh said.

    OCBC’s customer loans stood at S$322 billion as at Mar 31, 2025, up 7 per cent from S$301 billion a year ago.

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