United Overseas Bank (Singapore) ( (UOVEF) ) has released its Q3 earnings. Here is a breakdown of the information United Overseas Bank (Singapore) presented to its investors.
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United Overseas Bank (UOB) is a leading financial institution in Singapore, offering a wide range of banking services including retail and wholesale banking, wealth management, and investment solutions across the ASEAN region.
In the third quarter of 2025, UOB reported a resilient financial performance, demonstrating the strength of its core franchise amidst challenging economic conditions. The bank maintained its momentum in loans, deposits, and wealth management, while also setting aside general allowances to enhance provision coverage.
Key financial metrics for the quarter included a 4% quarter-on-quarter increase in high-net-worth assets under management, reaching S$199 billion, and a stable non-performing loan ratio of 1.6%. Fee income rose by 8% quarter-on-quarter to S$892 million, driven by growth in wealth, card, and loan-related activities. However, operating profit declined by 3% from the previous quarter to S$1.9 billion, reflecting the bank’s proactive provisioning measures.
Despite a challenging environment marked by narrowing interest margins, UOB’s net profit for the quarter stood at S$443 million. The bank’s strategic focus on balance sheet strength and risk resilience was evident in its increased allowance coverage and strong capital ratios, with a CET 1 ratio of 14.6%.
Looking ahead, UOB remains committed to its growth strategy in the ASEAN region, focusing on disciplined investments and strategic opportunities. The bank aims to continue supporting its clients and delivering sustainable long-term value, positioning itself to navigate global uncertainties with resilience and flexibility.