Singapore bank UOB's second-quarter net profit drops 6%, misses forecast

United Overseas Bank

07/08/2025 24:05

SINGAPORE, Aug 7 (Reuters) - Singapore's United Overseas Bank, or UOB UOBH.SI, reported on Thursday a 6% drop in net profit in the second quarter from a year earlier, the first fall since the first quarter of 2024,  mainly due to lower net interest income.

UOB, Southeast Asia's third-largest bank by assets, said April-June net profit declined to S$1.34 billion ($1.04 billion) from S$1.43 billion a year earlier.

This missed the mean estimate of around S$1.47 billion from three analysts polled by LSEG.

($1 = 1.2847 Singapore dollars)

 (Reporting by Yantoultra Ngui; Editing by Kim Coghill)

 ((Yantoultra.Ngui@thomsonreuters.com;))