Summary: OCBC, Singapore’s second-largest bank, maintained its 2025 financial targets despite a 5% drop in first-quarter net profit. The bank set aside credit allowances due to a challenging economic outlook influenced by trade policies and geopolitical risks. OCBC’s results beat expectations, with a 25% increase in total allowances and a 1.7% decrease in net interest margin.

Link: https://www.channelnewsasia.com/business/singapores-ocbc-maintains-2025-guidance-despite-challenging-outlook-5118756