United Overseas Bank logo

U11 - United Overseas Bank News Story

S$26.58 0.6  2.1%

Last Trade - 10:15am

Sector
Financials
Size
Large Cap
Market Cap £24.02bn
Enterprise Value £-384.9m
Revenue £5.18bn
Position in Universe 66th / 6096

Singapore bank UOB reports 32% drop in Q4 profit

Wed 24th February, 2021 11:36pm
SINGAPORE, Feb 25 (Reuters) - United Overseas Bank Ltd
 UOBH.SI  reported a 32% fall in quarterly profit as Singapore's
smallest listed bank said its net interest income declined and
credit losses swelled.
    UOB said on Thursday that October-December net profit
slumped to S$688 million ($521.7 million) from a year earlier,
in line with an average estimate of S$696.3 million of four
analysts, according to data from Refinitiv.
($1 = 1.3188 Singapore dollars)

 (Reporting by Anshuman Daga; Editing by Leslie Adler)
 ((anshuman.daga@tr.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.