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29-07-2022, 09:35 AM
UOB Q2 net profit rises 11% to S$1.1b; declares interim dividend of S$0.60
UOB on Friday (Jul 29) reported net profit for the second quarter rose 11 per cent year on year, as margins improved and trading and investment income saw some recovery.
The bank delivered stable profits, buoyed by higher-than-expected net interest income driven by rising interest rates and active balance sheet management, said UOB deputy chairman and chief executive Wee Ee Cheong in a press statement.
Net profit for the 3 months ended June stood at S$1.1 billion, up from S$1 billion in the year-ago period. The earnings were in line with the S$1.1 billion consensus forecast in a Bloomberg survey of 4 analysts.
UOB on Friday (Jul 29) reported net profit for the second quarter rose 11 per cent year on year, as margins improved and trading and investment income saw some recovery.
The bank delivered stable profits, buoyed by higher-than-expected net interest income driven by rising interest rates and active balance sheet management, said UOB deputy chairman and chief executive Wee Ee Cheong in a press statement.
Net profit for the 3 months ended June stood at S$1.1 billion, up from S$1 billion in the year-ago period. The earnings were in line with the S$1.1 billion consensus forecast in a Bloomberg survey of 4 analysts.
