# Singapore bank earnings: Wealth business powers strong second-quarter results

https://mins.news/en/video/16192

- CNA, 2026-08-07 12:58 UTC
- Economy
- Original: https://www.youtube.com/watch?v=9LiCALVDLaw

> Singapore’s second- and third-largest banks reported stronger second-quarter results. Diversified income streams helped UOB and OCBC offset pressure from lower interest rates. UOB’s net profit increased 10 per cent year on year to S$1.5 billion, while OCBC’s profit climbed 22 per cent to S$2.2 billion and exceeded estimates. OCBC CEO Tan Teck Long discussed why wealth management remains central to the bank’s long-term growth strategy.

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- [OCBC CEO Tan Teck Long sees long-term potential in wealth business](https://mins.news/en/video/15903) — CNA, 2026-08-07
- [Singapore’s OCBC and UOB beat forecasts as wealth income eases margin pressure](https://mins.news/en/item/15767) — Reuters, 2026-08-07