SINGAPORE: Singapore's United Overseas Bank, or UOB, posted a faster-than-expected rise in third-quarter net profit to a record, helped by brisk trading and investment, and flagged a pick up in loans growth next year.
SINGAPORE: Singapore's United Overseas Bank, or UOB, posted a faster-than-expected rise in third-quarter net profit to a record, helped by brisk trading and investment, and flagged a pick up in loans growth next year.
"Amid a volatile global economy, Southeast Asia stands out as a bright spot," said UOB Deputy Chairman and Chief Executive Officer Wee Ee Cheong in statement. Wee projected high single-digit loan growth for 2025, versus low single-digit for 2024, according to slides accompanying the earnings results.
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