UOB’s 2026 outlook suggests a modest operating backdrop ahead, but with credit cost expected to normalise, this should lead to a decent rebound in earnings.
3Q25 results missed expectations on higher-than-expected credit cost as it accelerated the build-up of performing loan coverage.
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3Q25 results a miss.
Reported net profit of S$443m (-67% q-o-q, -72% y-o-y) brought UOB's 3Q25 results missed expectations on higher-than-expected credit cost as it accelerated the build-up of performing loan coverage.'s 9M25 PATMI to S$3.3bn (-28%YoY) – at 58% of our and Street FY25F PATMI.
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9M25 PIOP, though, was in line at 76% of FY25F. 9M reported ROE was 9% (FY24: 13.7%, core) while the fully loaded CET-1 stood at 14.5% (-60bps q-o-q).
Results highlights.
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