OCBC 2023 Full Year Financial Results Presentation

OCBC reported record full-year 2023 profit with net interest income reaching S$7.02 billion, up 25% year-over-year. The bank achieved a return on equity of 13.7%, improved cost-income ratio to 38.7%, and maintained strong asset quality with NPL ratio at 1.0%. Total income rose 20% to S$13.5 billion with total customer deposits of S$364 billion.