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UOB posts Q3 profit of S$866 million, up 18.7%

Thursday, October 30, 2014 - 18:04
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United Overseas Bank has on Thursday posted Q3 net profit of S$866 million, up 18.7 per cent due to loans growth and strong gains from fee and trading income.

UNITED Overseas Bank has on Thursday posted Q3 net profit of S$866 million, up 18.7 per cent due to loans growth and strong gains from fee and trading income.

The earnings were 7.2 per cent higher than those for the previous quarter's S$808 million.

Gross loans rose 11 per cent year-on-year to reach S$196 billion.

Annualised earnings per share rose to S$2.10, up from S$1.98 in Q2 2014 and S$1.74 in Q3 2013.

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