UOB Q3 profit jumps 16% to $1.61 billion; sees better loan growth in 2025

Quick Summary:

Bank saw new records in net fee income, trading and investment income.

DBS stock jumps on $3b share buyback plan, record $3.

Mr 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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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Profit Cent Trading Jumps Income Third 2024 Record Quarter Investment Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 08:08:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23466324

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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