UOB in 'Strong Position' Heading Into Next Year, CEO Says

marketscreener
2025.11.06 07:30
portai
I'm PortAI, I can summarize articles.

United Overseas Bank (UOB) remains in a strong position despite a 72% drop in third-quarter net profit due to pre-emptive provisions. CEO Wee Ee Cheong emphasized the bank's solid financial standing, likening provisions to insurance. UOB's credit costs are projected at 25-30 basis points for next year, with loan growth expected in low single digits. Analysts are bearish on UOB compared to DBS Group, predicting a decline in net interest income for UOB in 2026. The bank's pre-emptive provisions will not affect its final dividend this year.

Source: marketscreener The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.