UOB Resumes Guidance After Tariff-Driven Pause
Singapore-based UOB has resumed earnings guidance for the rest of 2025 after pausing in the first quarter due to uncertainty caused by US tariffs.
UOB has resumed guidance for the rest of 2025 in its first-half earnings report. According to a CEO Wee Ee Cheong presentation, it expects full-year net interest margin to be 1.85-1.9 percent with low single-digit loan growth, high single-digit fee growth, flat operating expenses and net credit costs of 25-30 basis points. Its general provisions buffer is also expected to be topped up.
The Singapore lender paused guidance at the end of the first quarter after US tariffs triggered market volatility and disruption in global trade.
In the first six months of the year, UOB’s net profit fell 3 percent to S$2.8 billion ($2.2 billion), partly due to an increase in allowances to S$569 million as a preemptive general provision to enhance coverage amid macroeconomic uncertainty.
