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UOB's Q1 profit up 5.4% with boost from buffer in provisions

Net profit of S$807 million exceeds analysts' forecasts

UOB's trading and investment income was up 20.5 per cent to S$243 million due to higher trading income.


UOB Group on Friday beat analysts' expectations with its first-quarter results, as total allowances were again buffered in part by a release of general allowances held in the year-ago period.

In opening the earnings session for the three Singapore banks, UOB reported a...

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