Singapore bank UOB second-quarter net profit rises 10% on year (updated)
06/08/2026 23:56
UPDATE 1-Singapore bank UOB second-quarter net profit rises 10% on year Adds results' details, compares with estimates in paragraph 2 to 3
SINGAPORE, Aug 7 (Reuters) - Singapore's United Overseas Bank, or UOB UOBH.SI, posted on Friday a 10% rise in net profit in the second quarter from a year earlier, helped by record wealth fees.
UOB said April-June net profit was up 10% to S$1.5 billion ($1.17 billion) from S$1.34 billion a year earlier.
This was higher than the mean estimate of S$1.4 billion from three analysts, according to LSEG data.
($1 = 1.2837 Singapore dollars)
(Reporting by Rae Wee and Yantoultra Ngui; Editing by Chris Reese)
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