{
  "id": 18404050,
  "title": "OCBC third-quarter net profit up 3% on-year, above forecasts",
  "url": "https://urgent.news/2026/11/06/ocbc-third-quarter-net-profit-up-3-on-year-above-forecasts-18404050",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T00:11:23.000Z",
  "source": {
    "name": "CNA - Singapore",
    "slug": "cna-singapore",
    "url": "https://www.channelnewsasia.com/singapore/ocbc-earnings-q3-2026-net-profit-6529241"
  },
  "original_language": "en",
  "account": "Singapore's Oversea-Chinese Banking Corp (OCBC) reported a 3% increase in net profit for the third quarter, surpassing market expectations, despite challenges in its insurance division. The bank's financial performance for July-September saw a net profit of S$2.04 billion, up slightly from S$1.98 billion the previous year. Net interest income grew by 4% due to increased loans and quality assets. However, weak investment performance of the insurance arm, Great Eastern Holdings, negatively impacted the results. Trading and insurance income saw declines of 10% and 37% year-over-year, respectively. Despite this, OCBC's customer trading income rose by 29% from a year earlier. The bank's wealth management income, which includes income from private banking, asset management, and stockbroking, declined by 25% due to the insurance division's underperformance. Excluding Great Eastern, the bank's wealth management income hit a record high of S$1.12 billion. OCBC has raised its 2026 loan growth forecast to low double-digit, from a previous projection of high-single to low-double-digit growth. The bank is also monitoring market conditions in the Middle East, Indonesia, and energy markets.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "OCBC Q3 profit rises 3% to S$2.04 billion, slightly above expectations",
        "url": "https://urgent.news/2026/11/05/ocbc-q3-profit-rises-3-to-s-2-04-billion-slightly-above-expectations",
        "published": "2026-11-05T23:13:42.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "OCBC Q3 profit rises 3% as expected on lending strength",
        "url": "https://urgent.news/2026/11/05/ocbc-q3-profit-rises-3-as-expected-on-lending-strength",
        "published": "2026-11-05T23:40:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}