United Overseas Bank Ltd

U11: XSES (SGP)

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UOB Earnings: Singaporean Bank Pulls Guidance Amid Tariff Uncertainty; Fair Value Down 5%

Michael Makdad

May 7, 2025

United Overseas Bank reported flat first-quarter earnings of SGD 1.49 billion, including SGD 133 million in general allowance provisions, and said it will revise its 2025 guidance later. The bank also signaled plans to lift general allowances further in the coming quarters amid tariff uncertainty.

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United Overseas Bank Ltd

UOB Earnings: Singaporean Bank Pulls Guidance Amid Tariff Uncertainty; Fair Value Down 5%

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