Singapore's UOB sees better loan growth in 2025 as Q3 profit hits record

Quick Summary:

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 loan growth next year.

This beat the mean estimate of almost S$1.50 billion from four analysts polled by LSEG.

A view of the United Overseas Bank (UOB) signage in Singapore, May 3, 2023.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: United Year Profit Record Investment 2024 Trading Income Cent Growth Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 09:42:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23466430

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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