Tag: credit provisions
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UOB Struggles in Q3 as New Allowances Push Profit Down to S$443 Million
Singapore’s United Overseas Bank Reports Sharp Q3 Profit Decline United Overseas Bank (UOB) has reported a notable drop in its third-quarter profit for 2025, revealing a cautious stance amid a tougher operating environment. The bank announced a net profit of S$443 million for the quarter ended September 30, 2025, a 72% decline from the S$1.61…
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UOB’s Q3 Profit Plunges as It Pre-emptively Sets Aside More Allowances
Overview: UOB Faces a Sharp Q3 Profit Decline United Overseas Bank (UOB) reported a dramatic drop in net profit for the third quarter ended September 30, 2025. The Singapore-based lender booked a quarterly net profit of S$443 million, representing a 72% year-on-year decline from S$1.61 billion in the prior-year period. The result underscores how UOB…