---
title: "Singapore bank OCBC's Q1 profit rises 5%, beats estimates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285633931.md"
datetime: "2026-05-08T01:09:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285633931.md)
  - [en](https://longbridge.com/en/news/285633931.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285633931.md)
---

# Singapore bank OCBC's Q1 profit rises 5%, beats estimates

SINGAPORE, May 8 (Reuters) - Singapore’s second largest bank, Oversea-Chinese Banking Corp (OCBC) (OCBC.SI) , reported on Friday a 5% rise in first-quarter net profit, driven by growth in its wealth management business.

OCBC, which is also Southeast Asia’s second-largest lender by assets, said January-March net profit climbed to S$1.97 billion ($1.55 billion) from S$1.88 billion a year earlier.

This beat the mean estimate of around S$1.89 billion from three analysts surveyed by LSEG. ($1 = 1.2690 Singapore dollars)

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