You are here

UOB's Q3 profit rises 3.3%

Bank confident of achieving low to mid-teens loans growth for 2013
Wednesday, November 6, 2013 - 06:00
uobuob12.jpg
UNITED Overseas Bank (UOB) yesterday recorded a better than expected third-quarter net profit of $730 million, up 3.3 per cent year on year, driven by loans growth and stable margins. Although the $730 million was down 6.8 per cent quarter on quarter, it was higher than analysts' expectations of $703 million in a Bloomberg poll - PHOTO: BT

UNITED Overseas Bank (UOB) yesterday recorded a better than expected third-quarter net profit of $730 million, up 3.3 per cent year on year, driven by loans growth and stable margins. Although the $730 million was down 6.8 per cent quarter on quarter, it was higher than analysts' expectations of

Powered by GET.comGetCom