UOB Group has announced a net profit of S$1.3b for the third quarter of 2026, driven by resilient customer activity and franchise expansion. The bank’s net fee income reached a record S$733m, marking a 19% year-on-year increase, supported by strong growth in wealth, cards, and loan-related activities.
The group’s performance in the first nine months of 2026 saw wealth income rise by 13% and card income by 25% compared to the previous year. Wholesale Banking loans grew by 9% year-on-year, with trade loans experiencing a significant 31% growth. Despite margin pressures, net interest income remained stable at S$2.3b quarter on quarter, thanks to sustained loan growth.
Total expenses decreased by 4% quarter on quarter to S$1.6b, aligning with income moderation. Credit costs for the quarter were within expectations at 24 basis points, and the non-performing loan ratio improved to 1.5%. UOB’s balance sheet remains robust, with a Common Equity Tier 1 ratio of 14.6%.
The CEO highlighted the strength of UOB’s diversified franchise and deep customer relationships, stating, “The Group continued to see healthy customer activity across our businesses this quarter, with strong growth in wealth management, healthy loan growth and record fees and customer-related treasury income.”
Looking ahead, UOB plans to broaden its wealth franchise and enhance its wholesale banking capabilities to support customer growth and capture cross-border opportunities. The bank remains confident in its long-term prospects, backed by a strong balance sheet and significant opportunities in the ASEAN region.
