Investor Presentaiton

FY22 allowances lower on improved credit conditions 41 35 29 Credit costs (bps) 1/ 14 6 8 Total 50 28 4 0 4 00 8 ■ Impaired 11 16 317 873 18 314 584 Allowances (S$m) Allowances for non-impaired assets ■ Allowances for impaired assets 213 387 855 154 368 76 72 44 101 216 13 66 78 31 6 (70) 4Q21 1Q22 2Q22 3Q22 4Q22 FY21 FY22 → OCBC Bank 1/ Credit costs refer to allowances for loans as a percentage of average loans, on annualised basis. FY22 YOY -33% Allowances 4Q22 | YoY -1% QoQ +105% FY22 allowances for non- impaired assets higher YoY • MEV updates in the ECL model largely to reflect a prudent view of current and forecasted economic conditions Additional overlays set aside above the ECL model requirements 18

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