UOB's First-Quarter Profit Declines Due to Lower Loan and Fee Income

Deep News

May 07

UOB reported a drop in first-quarter profit as both loan and fee income decreased. The bank announced on Thursday that net profit for the three months ending March 31 was S$1.44 billion (US$1.14 billion), down 4% compared to the same period last year. This figure was slightly above the average analyst estimate.

UOB CEO Wee Ee Cheong stated that "global uncertainties remain elevated," but noted that business activity across key sectors has remained stable as companies navigate the impact of the Iran conflict and rising oil prices.

In contrast, larger rival DBS Group saw its wealth management fees, which appear to have been boosted by geopolitical uncertainty, surge 25% in the first quarter. Oversea-Chinese Banking Corp. is scheduled to report its earnings on Friday.

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The bank announced on Thursday that net profit for the three months ending March 31 was S$1.44 billion (US$1.14 billion), down 4% compared to the same period last year. This figure was slightly above the average analyst estimate.</p>\n<p>UOB CEO Wee Ee Cheong stated that \"global uncertainties remain elevated,\" but noted that business activity across key sectors has remained stable as companies navigate the impact of the Iran conflict and rising oil prices.</p>\n<p>In contrast, larger rival DBS Group saw its wealth management fees, which appear to have been boosted by geopolitical uncertainty, surge 25% in the first quarter. Oversea-Chinese Banking Corp. is scheduled to report its earnings on Friday.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UOB's First-Quarter Profit Declines Due to Lower Loan and Fee Income</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUOB's First-Quarter Profit Declines Due to Lower Loan and Fee Income\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-05-07 07:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>UOB reported a drop in first-quarter profit as both loan and fee income decreased. The bank announced on Thursday that net profit for the three months ending March 31 was S$1.44 billion (US$1.14 billion), down 4% compared to the same period last year. This figure was slightly above the average analyst estimate.</p>\n<p>UOB CEO Wee Ee Cheong stated that \"global uncertainties remain elevated,\" but noted that business activity across key sectors has remained stable as companies navigate the impact of the Iran conflict and rising oil prices.</p>\n<p>In contrast, larger rival DBS Group saw its wealth management fees, which appear to have been boosted by geopolitical uncertainty, surge 25% in the first quarter. Oversea-Chinese Banking Corp. is scheduled to report its earnings on Friday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999013460.SGD","symbol_name":"LionGlobal Singapore Dividend Equity Fund SGD","start_time":0,"source_url":"","article_id":"1179460995","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179460995","pubTimestamp":1778110868,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"UOB reported a drop in first-quarter profit as both loan and fee income decreased. 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The bank announced on Thursday that net profit for the three months ending March 31 was S$1.44 billion (US$1.14 billion), down 4% compared to the same period last year. This figure was slightly above the average analyst estimate.\nUOB CEO Wee Ee Cheong stated that \"global uncertainties remain elevated,\" but noted that business activity across key sectors has remained stable as companies navigate the impact of the Iran conflict and rising oil prices.\nIn contrast, larger rival DBS Group saw its wealth management fees, which appear to have been boosted by geopolitical uncertainty, surge 25% in the first quarter. Oversea-Chinese Banking Corp. is scheduled to report its earnings on Friday.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}