Ocbcbank - 1st quarter results is out. NPAT up QoQ and YoY as total income hit a new high ▪ NII down 3% QoQ and 5% YoY amid lower interest rates, partly compensated by average asset growth ▪ Non-II rose 22% QoQ and 23% YoY to an all-time high

 ▪ NPAT up QoQ and YoY as total income hit a new high

▪ NII down 3% QoQ and 5% YoY amid lower interest rates,

partly compensated by average asset growth

▪ Non-II rose 22% QoQ and 23% YoY to an all-time high

➢ Robust fee income growth led by wealth management

➢ Record customer flow treasury income

➢ Strong increase in insurance income

▪ Maintained cost discipline, CIR at 39.3%

▪ Loans and deposits grew QoQ and YoY

▪ Asset quality benign; credit costs at 23bps with additional

allowances for macro risks, coverage ratio rose to 163%

▪ Strong capital position, fully phased-in CET1 CAR at 15