UOB posts 32% drop in Q4 profit to $688 million
SINGAPORE (REUTERS) - United Overseas Bank reported a 32 per cent fall in quarterly profit as Singapore's smallest listed bank said its net interest income declined and credit losses swelled. UOB said on Thursday (Feb 25) that October-December net profit slumped to $688 million from a year earlier, in line with an average estimate of $696.3 million of four analysts, according to data from Refinitiv. More on this topic Related Story UOB and Vietnam government agency secure more than $3 billion foreign direct investment Related Story UOB and its commercial clients raise over $500k for charity through CNY fund-raiser
