UOB’s net profit down 16% to $443m in Q3

This was due to net interest income declining 8% year on year to $2.3b.

UOB’s net profit sank 67% quarter on quarter and 16% year on year to $443m in the third quarter, its latest financial statement showed.

This was due to net interest income declining 8% year on year to $2.3b, reflecting margin compression. Non-performing loan (NPL) ratio remained
stable at 1.6%, the bank said.

For the first nine months of the year, net profit is down 28% YoY to $3.27m against last year's record high. UOB said that it navigated a "challenging environment marked by narrowing interest margins and market volatility."

Other non-interest income decreased 30% YoY to $518m from lower trading and investment income against record high levels last year.

Meanwhile, net fee income eased 2% to $615m as strong growth in loan-related, wealth and card activities was offset by card rewards expenses.

Total expenses were 6% lower at $1.5b in line with income moderation, whilst total allowance increased on the back of higher general and specific allowance.

Common Equity Tier 1 (CET1) ratio eased to14.6% following the 2025 interim dividend payment, UOB said.

(All unmarked dollar signs in SGD unless otherwise indicated)