Tag: Credit allowances


  • UOB Posts Q3 Profit Slump as S$1 Billion Allowances Jump Dents Earnings

    UOB Posts Q3 Profit Slump as S$1 Billion Allowances Jump Dents Earnings

    Overview: UOB’s Q3 2025 Profit Decline United Overseas Bank (UOB) reported a sharp decline in net profit for the third quarter ended September 30, 2025, as it warned that it had “pre-emptively set aside” higher allowances. The Singapore-based lender posted a quarterly net profit of S$443 million, a significant drop of 72% from S$1.61 billion…