Tag: Singapore banks
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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…
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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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DBS Q3 Profit Drops 2% but Beats Expectations on Record Income
DBS Q3 2025: Profit Dip Amid Record Income Singapore’s DBS Group Holdings delivered a nuanced earnings picture for the third quarter ended September 30, 2025. The bank reported a net profit of S$2.95 billion, down 2% from S$3.03 billion in the year-ago period. Yet, investors were greeted by a highlight: total income surged to a…
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DBS Q3 Profit Falls 2% but Beats Market Expectations
DBS Q3 Profit Declines 2% but Surpasses Expectations Singapore-based DBS Group Holdings Ltd. reported a 2% dip in net profit for the third quarter ended September 30, 2025, to S$2.95 billion from S$3.03 billion in the same period a year earlier. Despite the softer bottom line, the results beat market expectations on the back of…