UOB CEO Wee Ee Cheong Buys 150,000 Shares at $33.757 Each Post-3QFY2025 Results

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United Overseas Bank (UOB) CEO Wee Ee Cheong acquired 150,000 ordinary shares at $33.75783 per share on November 7, following the bank's announcement of weaker third-quarter earnings for FY2025.

UOB posted a 72% year-on-year decline in net profit to $443 million for 3QFY2025, citing a proactive general provision allocation of $615 million as the primary reason.

The bank's total income fell 11% year-on-year to $3.47 billion during the quarter, with both net interest income and net fee income experiencing marginal decreases.

Wee's share purchase totaled $5,063,674.50, increasing his stake to 179,820,416 ordinary shares, representing a 10.864% ownership in the company.

UOB shares closed at $33.86 on November 7, down 4 cents (0.118%) for the day.

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