Interim dividend is 85 cents per ordinary share.

UOB’s net profit fell 3% to S$2.83b (US$2.2b) in the first six months of 2025 compared to the same period last year, its latest financial statement showed.

This was due to a pre-emptive general allowance set aside by the bank’s risk management measures on the back of macroeconomic uncertainties, the Singaporean bank said in a statement.

Operating profit rose 3% to S$4b (US$3.11b) during the period, underpinned by broad-based double-digit growth in fee income.

Interim dividend of 85 cents per ordinary share during the period, representing a payout ratio of approximately 50%.

The second tranche of the 50 cents special dividend will also be paid out to shareholders.

Net interest income was flat at S$4.74b (US$3.69b) in H1, as growth in loan volume reportedly helped to cushion the impact of margin compression from lower benchmark rates.

Other non-interest inched up 1% to nearly S$1.05b (US$817.55m).

Net fee income rose 11% to S$1.33b (US$1.04b) across wealth management, loan-related and credit cards.

Cost-to-income ratio improved from 44.4% a year ago to 43.5%, on tighter cost management.

Non-performing loan ratio is at 1.6% in H1 2025, whilst credit costs stood at 34 basis points (bp), which UOB said was due to higher specific allowance and pre-emptive general provision set aside.