Home / Business and Economy / UOB Reports Surprise 6% Profit Drop in Q2 2025
UOB Reports Surprise 6% Profit Drop in Q2 2025
6 Aug
Summary
- UOB, Southeast Asia's 3rd largest bank, sees Q2 2025 profit fall 6%
- Profit declines to S$1.34 billion from S$1.43 billion a year earlier
- Decline mainly due to lower net interest income
On August 7, 2025, Singapore's United Overseas Bank (UOB), the third-largest bank in Southeast Asia by assets, reported a 6% decline in its second-quarter net profit compared to the same period a year earlier. The bank's net profit for the April-June 2025 period fell to S$1.34 billion (approximately $1.04 billion) from S$1.43 billion in Q2 2024, marking the first quarterly profit drop since the first quarter of 2024.
The decline in UOB's Q2 2025 earnings was primarily attributed to lower net interest income, a key revenue source for banks. This missed the mean estimate of around S$1.47 billion from three analysts polled by LSEG. The bank's performance in the second quarter of 2025 represents a departure from its recent trend of steady profit growth, which had been maintained since the first quarter of 2024.
Despite the unexpected dip in earnings, UOB remains one of the leading financial institutions in Southeast Asia, with a strong presence across the region. The bank's management will likely focus on addressing the factors that led to the profit decline and implementing strategies to regain momentum in the coming quarters.
