UOB's Q4 profit flat on higher expenses, bad debt provisions
Earnings of S$788m in final quarter raise full-year profit to S$3.21b; final dividend of 35 cents per share
Singapore
UNITED Overseas Bank posted flat fourth-quarter net earnings of S$788 million as higher income was offset by increases in expenses and provisions for rise in bad debts.
The bank announced final dividend of 35 Singapore cents; together with the interim dividend of 35 cents and the one-off 80th Anniversary dividend of 20 cents, the total payout for the 12 months ended Dec 31, 2015, is 90 cents. Total dividend in 2014 was 75 cents.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hugo Boss profit tops expectations, but China lags
DBS customers unable to login to Digibank, PayLah! on Thursday
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%
Universal Music Group reaches new licensing agreement with TikTok