OCBC warns of greater challenges in H2 as ‘chain reaction’ from US tariffs unfolds
I'm PortAI, I can summarize articles.
OCBC reported stronger-than-expected results in H1 2025 but anticipates challenges in H2 due to US tariffs and geopolitical tensions. Q2 net profit fell 7% to S$1.82 billion, influenced by declining interest rates. The bank's CEO highlighted a developing chain reaction from tariffs affecting local businesses, while some sectors may benefit from lower raw material costs. OCBC aims for mid-single-digit loan growth in 2025, focusing on domestic and regional demand despite uncertainties. The bank remains optimistic about long-term regional growth in Asia.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments