Singapore's UOB Drops 2025 Guidance Due to US Tariffs, Posts Stable Q1 Net Profit
SINGAPORE, May 7 - Singapore's United Overseas Bank reported on Wednesday S$1.49 billion in net profit for the first quarter, flat from a year earlier, due to factors including record fee income and robust loan growth.UOB, Southeast Asia's third-largest bank by assets, said net fee income rose 20% boosted by strong growth in loan-related and wealth activities, but non-interest income eased from lower trading and investment income.The first quarter net profit was however slightly below the mean