SINGAPORE (Nov 4): UOB announced net profit of S$1.25 billion for the 3QFY2026 ended Sept 30, down 15% quarter-on-quarter and 10% below the Street’s forecast of S$1.376 billion as other non-interest income (non-II) fell by 41% q-o-q to S$370 million. 

This was due to the absence of non-recurring divestment gains recorded in the previous quarter, as well as lower trading and investment income. This brings the bank's net profit for the 9MFY2026 to S$4.17 billion, up 27% year-on-year.

In 3Q2026, net interest income (NII) fell by 1% q-o-q to S$2.3 billion due to lower net interest margin (NIM) of 1.68%, which was also below expectations. The lower NIM, according to UOB, was due to...(click on link for full story theedgesingapore.com)