UOB deputy chairman and CEO Wee Ee Cheong received S$12 million in total remuneration for 2025, The Straits Times reported citing the bank’s annual report.
The package was down from S$15 million in 2024 and S$15.9 million in 2023, mainly due to a lower bonus.
His base salary was unchanged at S$1.44 million, while his bonus fell to S$10.6 million from S$13.6 million a year earlier.
Benefits, including transport- and event-related expenses, totalled S$42,629, down from S$46,944 in 2024.
UOB said 60 percent of Wee’s variable pay will be deferred over the next three years, with 40 percent of that paid in cash and the rest in share-linked units.
The lower payout came as UOB reported weaker earnings. Full-year net profit for 2025 fell 23 percent to S$4.7 billion, while fourth-quarter net profit declined 7 percent to S$1.41 billion.
The bank attributed the drop in annual profit to general allowances set aside earlier in the year to strengthen provision coverage amid macroeconomic uncertainty.
Credit and other loss allowances for the quarter reached S$1.36 billion.
Wee said UOB will continue supporting customers through tougher conditions while investing in people, capabilities and technology.
He added that the bank is focused on strengthening its ASEAN trade banking franchise, growing its consumer business and delivering sustainable returns over time.
Featured image: Edited by Fintech News Singapore, based on image by UOB
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