SINGAPORE: Singapore's second-largest bank, Oversea-Chinese Banking Corp (OCBC), lowered its net interest income expectation for 2025 after posting on Friday a 7% year-on-year drop in second-quarter net profit that matched expectations.
"The outlook ahead remains challenging," said OCBC Group Chief Executive Helen Wong in presentation slides accompanying the earnings results. "Evolving trade and monetary policies, and persistent geopolitical tensions are expected to weigh on growth prospects."
