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UOB to drive fee income via Asean network

It posts an unexpected 5.7% fall in Q2 profit to S$762m


UOB Group plans to drive growth through fee income via its Asean network in the months ahead, as loan growth moderates and the bank is wary of stretching its balance sheet to lend in the "highly commoditised" mortgage market, said chief executive Wee Ee Cheong on Friday.