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A view of the United Overseas Bank (UOB) signage in Singapore May 3, 2023. Caroline Chia
A view of the United Overseas Bank (UOB) signage in Singapore May 3, 2023. Caroline Chia
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Singapore bank UOB second-quarter net profit rises 10% on year

August 6th, 2026 | 23:00 PM WORLD Asia Pacific 1

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By 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)

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