The Singapore lender reported net profit of S$1.44 billion, total income of S$3.42 billion and net interest income of S$2.32 billion for the three months ended March.
Net fee income fell 8.2% to S$637 million as investment banking and loan activity moderated, while other non-interest income dropped 17% to S$462 million on softer trading and investment income.
Chief executive Wee Ee Cheong said UOB's diversified business and Asean footprint should help it support customers in a more uncertain environment. Rival DBS recently beat forecasts, while OCBC reports on Friday.
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