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UOB's net profit, revenue hit record S$4.01b and S$9.12b in 2018

Stronger showing boosted by growth in both net interest, and fee and commission income

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CEO Wee Ee Cheong said cross- border revenue grew 15% to S$969 million, making up 25% of wholesale banking revenue.

Singapore

UOB's efforts to tap intra-regional flows have borne fruit as it saw a three-fold increase in deposit inflows in the past three years and cross-border revenue made up 25 per cent of its wholesale banking income.

UOB chief executive officer Wee Ee Cheong highlighted the...

sentifi.com

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