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
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 bank's cross-border performance at a financial results briefing on Friday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad
Gold prices set for weekly decline ahead of US inflation data
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks
Singapore shares open lower on Friday; STI down 0.1%