UOB's Q4 profit flat on higher expenses, bad debt provisions

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.