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13 May 2025
UOB Navigates Macro Headwinds in 1Q25: Stable NIM, Fee Growth, and Robust Balance Sheet Position Bank for Future
Summary:
- UOB's financial results for the first quarter of 2025 showed a decrease in net profit after tax compared to the previous quarter (4Q24).
- The bank maintained a stable net interest margin (NIM) at 2.00% and achieved double-digit fee growth, supported by strong performance in loan fees, wealth, and cards, as well as customer-related treasury income.
- Cost discipline was evident, with a lower cost-to-income ratio of 42.6% in 1Q25.
- Asset quality remained sound, with a low non-performing loan (NPL) ratio of 1.6%, and the bank maintained strengthened provision coverage.
- As of the end of 1Q25, UOB demonstrated a strong financial position, including significant gross loans and customer deposits, and a robust Common Equity Tier 1 (CET1) ratio of 15.5%.