According to OCBC, the investment return includes share buybacks over the course of two years and special dividends equaling 10 % of the net revenue from 2024 and 2025, subject to market conditions and regulatory approvals.
OCBC, which is also Southeast Asia’s second-largest merchant, said October-December online revenue climbed to S$ 1.69 billion from S$ 1.62 billion a year earlier, principally on higher non-interest money boosted by better payment, trading and insurance money.
The better effectiveness, but, missed the indicate measure of almost S$ 1.81 billion from five researchers polled by LSEG.
DBS Group, a larger company, announced a dividend capital return program on February 10 and reported a 10 % year-over-year increase in fourth-quarter net gain that met objectives.
Smaller rival United Overseas Bank announced a S$ 3 billion package and a 9 % increase in fourth-quarter net profit that exceeded expectations on February 19 and posted a 9 % increase in that amount.
Following the release of their income, both banks ‘ shares reached record highs.
According to researchers, US President Donald Trump’s business taxes and other policies may cause a decline in global growth this year.
OCBC, which counts Singapore, greater China, Indonesia and Malaysia among its vital areas, said return on equity fell to 11.8 per cent in the third fourth from 12.4 per share in the same time of 2023.
Its gross interest percentage decreased from 2.29 per share to 2.15 per cent during the fourth.