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UOB, Singapore’s third-largest bank, said second-quarter net profit rose 10 per cent to S$1.48 billion (US$1.17 billion), above a S$1.40 billion average analyst estimate from LSEG.<\/p>\n
Its net fee income rose 5 per cent to S$665 million, led by record wealth-management fees. Wealth-management income for the first half rose 16 per cent, including 30 per cent growth across Malaysia, Indonesia, Thailand and Vietnam.<\/p>\n
“Our results reflect the resilience of our diversified franchise, and the momentum building across our key ASEAN markets,” UOB Deputy Chairman and Chief Executive Wee Ee Cheong said in a statement.<\/p>\n
“We are seeing good progress across our businesses as we deepen customer relationships, expand our capabilities and connect customers to opportunities across our regional network,” he said.<\/span><\/p>\n “Looking ahead, we see significant opportunities to grow wealth, support cross-border ambitions and capture a larger share of trade and investment flows across ASEAN.”<\/span><\/p>\n Both lenders joined bigger peer DBS in reporting lower second-quarter net interest margins, a key measure of lending profitability that reflects the difference between what banks earn on loans and pay for deposits and other funding.<\/p>\n OCBC’s margin fell to 1.70 per cent in the second quarter from 1.92 per cent a year earlier, while UOB’s dropped to 1.74 per cent from 1.91 per cent. DBS on Thursday reported a decline to 1.87 per cent from 2.05 per cent.<\/p>\n OCBC now expects high-single-digit to low-double-digit loan growth, up from a previous mid-single-digit forecast.<\/p>\n UOB maintained its forecast for low-single-digit loan growth this year and expects its full-year net interest margin to be between 1.75 per cent and 1.80 per cent.<\/p>\n OCBC increased its interim dividend to 47 cents from 41 cents. UOB raised its interim dividend to 88 Singapore cents per share from 85 cents.<\/p>\n<\/div>\n UOB, Singapore’s third-largest bank, said second-quarter net profit rose 10 per cent to S$1.48 billion (US$1.17 billion), above a S$1.40 billion average analyst estimate from…<\/p>\n","protected":false},"author":1,"featured_media":74899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--Osoe6kFL--\/c_fill,g_auto,h_676,w_1200\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/08\/07\/2026-08-06t225454z_1807154605_rc2hrhantvj6_rtrmadp_3_ocbc-results.jpg?itok=e7KVbuoT","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[415,1412,2043,10204,1970,8346,4299,4087],"class_list":["post-74898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-fee","tag-higher","tag-income","tag-ocbc","tag-post","tag-profit","tag-stronger","tag-uob","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/74898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74898"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/74898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/74899"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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