People walk into the UOB building in the Raffles Place financial district. — AFP
SINGAPORE: Singapore's United Overseas Bank reported on Wednesday S$1.49 billion ($1.16 billion) in net profit for the first quarter, flat from a year earlier, due to factors including record fee income and robust loan growth.
UOB, Southeast Asia's third-largest bank by assets, said net fee income rose 20% boosted by strong growth in loan-related and wealth activities, but non-interest income eased from lower trading and investment income.
