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Bad home loans flow through to UOB NPLs

Bank cites some buyers of high-end properties

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United Overseas Bank's non-performing loans (NPL) surged in the second quarter as payments by some high-end property buyers deteriorated - PHOTO: ST

[SINGAPORE] United Overseas Bank's non-performing loans (NPL) surged in the second quarter as payments by some high-end property buyers deteriorated. Industry observers believe the situation could worsen as they do not expect significant improvement in the sluggish residential market over the

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