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# UOB Reports Q1 2025 Net Profit of SGD 1.49 Billion as Record Fee Income Offsets NIM Compression
- URL: https://www.theglobalbanker.com/uob-reports-q1-2025-net-profit-sgd-1-49-billion-record-fee-income-offsets-nim-compression/
- Published: 2025-05-07T14:20:00.000Z
- Updated: 2026-10-02T13:58:52.000Z
- Description: UOB posted Q1 2025 net profit of SGD 1.49bn, flat year-on-year and below analysts' expectations, with record fee income of SGD 694m up 20% and operating profit rising year-on-year.
- Author: TGB Editorial Team
- Tags: Banking News, Asia-Pacific, #archive

United Overseas Bank reported first-quarter 2025 net profit of SGD 1.49 billion, broadly flat year-on-year and below analysts' expectations, as the Singapore-based lender reported net interest margin compression and record fee income, according to results published on 7 May 2025.

Operating profit rose year-on-year. The divergence between operating profit growth and flat net profit was largely explained by elevated credit loss allowances recognised during the quarter.

#### FEE INCOME REACHES RECORD

Net fee income reached a record SGD 694 million for the quarter, up 20% year-on-year, driven by wealth management, fund distribution and loan-related fees. 

#### MARGIN, GUIDANCE AND CAPITAL

Net interest margin came under pressure during the quarter. Management paused its 2025 guidance, citing uncertainty from US tariffs.

The Common Equity Tier 1 ratio stood at 15.5% at the end of March 2025\.