My first Publication ocbc_ar17_fullreport_english | Page 148

MANAGEMENT DISCUSSION AND ANALYSIS
(OCBC Group – As at 31 December 2017)
PERFORMANCE BY GEOGRAPHICAL SEGMENT
2017
Total income
Singapore
Malaysia
Indonesia
Greater China
Other Asia Pacific
Rest of the World
Profit before income tax
Singapore
Malaysia
Indonesia
Greater China
Other Asia Pacific
Rest of the World
Total assets
Singapore
Malaysia
Indonesia
Greater China
Other Asia Pacific
Rest of the World
2016
S$ million % S$ million %
5,792
1,327
808
1,326
162
221
9,636 60
14
8
14
2
2
100 4,908
1,314
731
1,250
141
145
8,489 58
15
8
15
2
2
100
2,878
705
449
978
119
87
5,216 55
14
8
19
2
2
100 2,154
802
226
934
84
75
4,275 50
19
5
22
2
2
100
257,558
62,914
15,378
85,758
13,399
19,931
454,938 57
14
3
19
3
4
100 229,752
60,412
14,946
75,563
12,007
17,204
409,884 56
15
4
18
3
4
100
The geographical segment analysis is based on the location where assets or transactions are booked. For 2017, Singapore accounted
for 60% of total income and 55% of pre-tax profit, while Malaysia accounted for 14% of total income and 14% of pre-tax profit.
Greater China accounted for 14% of total income and 19% of pre-tax profit.
Pre-tax profit for Singapore was S$2.88 billion in 2017, an increase from S$2.15 billion a year ago, driven by higher profit from life
assurance and net interest income, which more than offset a rise in operating expenses. Malaysia’s pre-tax profit was S$705 million,
12% lower from a year ago at S$802 million, mainly attributable to higher allowances. Pre-tax profit for Greater China was
S$978 million, up from S$934 million in 2016, underpinned by net interest income and non-interest income growth.
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OCBC ANNUAL REPORT 2017