The lender's net profit in the first quarter climbed 67% to US$1.51bil (RM6.7bil). — Bloomberg
SINGAPORE: Singapore’s United Overseas Bank (UOB) reported a 74% surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth.
The lender’s core profit, which excludes one-off expenses, rose to a record S$1.58bil (RM5.35bil) in the first quarter, just above the mean estimate of some S$1.55bil (RM5.18bil) from four analysts polled by Refinitiv.
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