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U11 - United Overseas Bank News Story

S$26.58 0.6  2.1%

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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)
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