Friday 29 Mar 2024
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SINGAPORE (Oct 26): UOB Group reported 3Q18 earnings of S$1.04 billion, 17% higher than the same quarter last year, driven by double-digit growth in net interest income and lower allowances.

Net interest income rose 14% to S$1.60 billion, from healthy loan growth and a net interest margin uplift of two basis points to 1.81%.

Net fee and commission income increased 2% to S$484 million due to higher loan-related, credit card and trade-related fees. Other non-interest income was lower at S$244 million as 3Q17 recorded stronger... (Click here to read the full story)

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