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UOB posts 8% rise in Q1 profit to S$1.05b on stronger income growth

Broad-based loan growth of 12% lifts net interest income by 8% to S$1.59b

Published Fri, May 3, 2019 · 09:50 PM

Singapore

UNITED Overseas Bank (UOB) on Friday reported higher net profit for its first quarter of 2019, up 8 per cent to S$1.05 billion, from S$978 million for the year-ago period.

Earnings per share was S$2.47 for the three months ended March 31 versus S$2.28 for the year-ago period. No dividend has been declared for the quarter.

Total income rose 8 per cent to S$2.41 billion fr…