United Overseas Bank (U11) on Nov, 06 2025 reported a net profit of 443 million Singapore dollars for the third quarter ended Sep 30 2025, down 67 % from the preceding quarter and 72 % from a year earlier after setting aside an additional 615 million Singapore dollars in general allowances.
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Operating profit for the quarter reached 1.9 billion Singapore dollars, 3 % lower quarter on quarter and 16 % below the year-earlier period. Net interest income slipped 3 % sequentially to 2.27 billion Singapore dollars, while fee income rose 8 % quarter on quarter to 615 million Singapore dollars. Other non-interest income increased 5 % to 518 million Singapore dollars, boosted by customer-related treasury activities.
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Gross customer loans grew 2 % during the quarter to 351.08 billion Singapore dollars, and customer deposits rose 4 % to 419.66 billion Singapore dollars, leaving the loan-to-deposit ratio unchanged at 82.5 %. The net interest margin narrowed to 1.82 % from 1.91 % in the previous quarter.
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Asset quality remained stable with a non-performing loan ratio of 1.6 %. Allowance coverage improved, lifting performing-loan coverage to 1.0 % and non-performing-asset coverage to 100 %, or 240 % including collateral. Total credit costs on loans increased to 134 basis points from 32 basis points in the second quarter.
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The Common Equity Tier 1 capital adequacy ratio stood at 14.6 %, down from 15.3 % three months earlier, after payment of the 2025 interim dividend. Liquidity indicators were solid, with an all-currency Liquidity Coverage Ratio of 143 % and a Net Stable Funding Ratio of 116 % at quarter-end.
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For the nine months to Sep 30 2025, UOB posted a net profit of 3.27 billion Singapore dollars, 28 % lower than the record 4.52 billion Singapore dollars earned a year earlier. Net interest income for the nine-month period slipped 3 % year on year to 7.01 billion Singapore dollars, while net fee income grew 6 % to 1.95 billion Singapore dollars.
