UOB Q1 Net Profit S$1.44bn In‑Line

United Overseas Bank posted Q1 net profit of S$1.44 billion, down 4% YoY but matching Bloomberg estimate of S$1.4 billion.
Net interest income fell 4% YoY to S$2.32 billion as lower benchmark rates compressed margins, with NIM narrowing to 1.82%.
Customer loans grew 4% YoY, offsetting margin pressure; fee income fell 8% to S$637 million and trading income dropped 13% YoY.
UOB’s CET1 ratio improved to 15.3% from 15.1% quarter‑over‑quarter, and shares rose 1% to S$36.65.