UOB resumes guidance for FY2025 with trimmed forecasts amid Q2 earnings miss
The bank now expects NIM for FY2025 to come in at between 1.85% and 1.9%
Add BT as a preferred source
[SINGAPORE] UOB has resumed guidance on its full-year 2025 targets after briefly pausing them in the first quarter, but the projections are now broadly lower.
The bank now expects net interest margin (NIM) for FY2025 to come in at between 1.85 and 1.9 per cent, down from its earlier forecast of around 2 per cent.
It also expects loan growth to be in the low single digits and fee income to rise by a high single-digit percentage.
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months
