Uob Bank - Gapped down this morning, she is trading at 38.20, down 2.26 looks rather weak and may likely continue to go down to revisit 37.45 than 37. Next, she may go further downward to test 35. Pls dyodd.
7th August 26:
XD on 17 August for 88 cents dividend, price likely corrected lower and may go down to test 40 than 39. Pls dyodd.
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.
