Singapore bank UOB cites 'softer operating environment' as net profit falls 4% on-year

Singapore bank UOB cites 'softer operating environment' as net profit falls 4% on-year

SINGAPORE: Singapore's United Overseas Bank, or UOB, reported on Thursday (May 7) a 4 per cent annual fall in first-quarter net profit that, despite beating expectations, reflected the impact a precarious market backdrop and rate headwinds have had on the lender.Southeast Asia's thir

UOB’s Q1 earnings slip to $1.4b on weaker interest income

UOB Q1 2026 profit fell 4% YoY to S$1.4b as lower rates weighed, though loan growth and fees supported quarterly gains.

UOB Q1 net profit dips 4% to S$1.44 billion; beats expectations

Net interest income falls 4% to S$2.32 billion on lower benchmark rates