UOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
Bank will resume guidance once macroeconomic situation stabilises
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[SINGAPORE] Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation stemming from US tariffs stabilises.
At the same time, the bank remains “committed” to its three-year, S$3 billion capital return plan, deputy chairman and chief executive officer Wee Ee Cheong said at the bank’s first-quarter earnings call on Wednesday (May 7).
The S$3 billion package, first announced in February, comprises special dividends and a S$2 billion share buyback programme, where shares will be acquired from the open market and cancelled.
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