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BANK EARNINGS

UOB Q2 earnings rise 5% to S$801m

CEO Wee Ee Cheong says bank has enough reserves to withstand pressures from rising credit cost

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Amid a "roller coaster ride" in global markets fanned by a commodity slump, slowing China and Brexit uncertainties, United Overseas Bank (UOB) posted a 5 per cent increase in second-quarter net profit to S$801 million.

Singapore

AMID a "roller coaster ride" in global markets fanned by a commodity slump, slowing China and Brexit uncertainties, United Overseas Bank (UOB) posted a 5 per cent increase in second-quarter net profit to S$801 million.

The improvement - it beat Bloomberg analyst estimates

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