Home Capital Results

Record non-interest income and lower allowances lifts OCBC's FY2021 earnings by 35% to $4.86 bil

Felicia Tan
Felicia Tan2/23/2022 7:53 AM GMT+08  • 4 min read
Record non-interest income and lower allowances lifts OCBC's FY2021 earnings by 35% to $4.86 bil
The bank has declared a final dividend of 28 cents per share, back to that of its pre-pandemic level in FY2019.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Oversea-Chinese Banking Corporation (OCBC) has reported earnings of $4.86 billion for the FY2021 ended December, bringing it back to its pre-pandemic levels, says the bank on Feb 23.

Earnings per share (EPS) for the FY2021 climbed 33.8% y-o-y to $1.07.

The surge in earnings were underpinned by strong growth in non-interest income and lower allowances. This offset a decline in net interest income (NII) amid a low interest rate environment.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.