Below are the financial statements of Oversea-Chinese Banking, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of SGD | 2024 | 2023 |
|---|---|---|
| Interest income | 22.44a | 20.87a |
| Interest expense | -12.69a | -11.22a |
| Net interest income | 9.76a | 9.65a |
| Insurance service results from life insurance | 0.59a | 0.43a |
| Net investment income from life insurance | 6.12a | 5.59a |
| Net insurance financial result from life insurance | -5.81a | -5.24a |
| Insurance service results from general insurance | 0.01a | 0.03a |
| Fees and commissions (net) | 1.97a | 1.8a |
| Dividends from subsidiaries and associates | 0a | 0a |
| Net trading income | 1.54a | 1a |
| Other income | 0.29a | 0.25a |
| Non-interest income | 4.72a | 3.86a |
| Total income | 14.47a | 13.51a |
| Staff costs | -3.84a | -3.5a |
| Other operating expenses | -1.91a | -1.72a |
| Total operating expenses | -5.74a | -5.22a |
| Operating profit before allowances and amortisation | 8.73a | 8.28a |
| Amortisation of intangible assets | -0.06a | -0.1a |
| Allowances for loans and other assets | -0.69a | -0.73a |
| Operating profit after allowances and amortisation | 7.98a | 7.45a |
| Share of results of associates, net of tax | 0.99a | 0.95a |
| Profit before income tax | 8.98a | 8.4a |
| Income tax expense | -1.23a | -1.24a |
| Profit for the year | 7.75a | 7.17a |
| Attributable to | — | — |
| Equity holders of the bank | 7.59a | 7.02a |
| Non-controlling interests | 0.16a | 0.14a |
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