UOB Malaysia on track to better 2023’s record profit this year, says CEO
Top-line growth, cost management and strategic investment in key sectors are helping bank achieve this
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[KUALA LUMPUR] The chief executive of UOB Malaysia is confident that the bank’s strong financial performance this year will surpass the record numbers seen in 2023.
Last year, the bank posted a net profit of RM1.9 billion (S$564.4 million), a 44 per cent increase from the RM1.3 billion in 2022.
Operating income surpassed the RM4 billion mark for the first time as it grew by 19 per cent to reach RM4.6 billion. This was bolstered by a 7.4 per cent growth in net interest income to RM2.9 billion.
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