# Singapore’s OCBC and UOB beat forecasts as wealth income eases margin pressure

https://mins.news/en/item/15767

- Reuters, 2026-08-07 03:20 UTC
- Economy
- Original: https://www.reuters.com/world/asia-pacific/singapore-bank-ocbc-second-quarter-net-profit-jumps-22-on-year-record-2026-08-06/?link_source=ta_bluesky_link&taid=6a754eed69018900011c38c2

> Singapore lenders OCBC and UOB posted stronger second-quarter profits than analysts had forecast. Revenue from wealth management and other fee-based businesses helped offset the impact of lower interest rates on their core lending operations. Both banks reported the results on Friday, highlighting the support provided by non-lending income as rate pressure weighed on margins.

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