UOB’s 2Q26 net profit rises 10% YoY to S$1.5 billion
Strong growth in ASEAN markets in wealth management and trade
Singapore, 7 August 2026 – UOB Group reported a net profit of S$1.5 billion for the second
quarter of 2026 (2Q26), up 10% compared with a year ago, reflecting the Group's resilient
performance amid macroeconomic uncertainties and market volatility. For the first half of 2026, net
profit rose 3% compared with the same period last year.
The Board declared an interim dividend of 88 cents per ordinary share, representing a payout ratio
of approximately 50%.
Net profit for 2Q26 was 10% higher at S$1.5 billion compared with a year ago, demonstrating the
strength of our diversified franchise. Despite healthy loan growth of 5% and active balance sheet
management, net interest income eased 2% from the previous year due to margin pressures from
the lower interest rate environment. Net fee income rose 5% year on year to S$665 million, led by
record wealth management fees, although this was partially offset by softer loan-related fees from capital market activities.
The Group’s non-performing loan ratio stood at 1.6%. Credit costs for 2Q26 remained within
expectations at 28 basis points.
In 1H26, Group Wholesale Banking continued to build on its positive business momentum in a
challenging operating environment. Transaction banking remained a key contributor, representing
close to half of total wholesale banking income. This was supported by a 33% year-on-year
increase in trade loans, and a resilient CASA growth of 9%, reflecting robust client demand for the
Bank’s integrated cash management and trade solutions.
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