Page 26 - Uob News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Uob. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SINGAPORE: UOB customers will be able to sign electronic documents via their Singpass app from 2022, said the bank on Thursday (Jun 10). Under a . ....
By Reuters Staff (Adds comments, sector context) SINGAPORE, May 6 (Reuters) - United Overseas Bank, Singapore’s smallest listed lender, reported an 18% rise in first-quarter net profit on Thursday, boosted by strong fee income growth, a decline in impairment charges and strong credit demand. “We expect this momentum to continue as economic and business activity picks up and market sentiment improves across the region, starting with Singapore and Greater China,” CEO Wee Ee Cheong said in a statement. The results came after larger peer DBS Group trounced profit estimates last week, thanks to strong loan growth, improved asset quality and a bumper quarter for its wealth management business. OCBC reports results on Friday. ....
By Reuters Staff 1 Min Read SINGAPORE, May 6 (Reuters) - United Overseas Bank, Singapore’s smallest listed lender, reported an 18% rise in first-quarter net profit on Thursday, supported by strong fee income growth and a decline in impairment charges. The bank expects sustained business momentum amid a rebound in economic activity and said it was seeing robust credit demand from its large corporate customers. UOB reported net profit of S$1.0 billion ($748.9 million) for the quarter ending March versus the S$891.4 million average of two analysts’ estimates compiled by Refinitiv, and compared with S$855 million in the year-ago period. ($1 = 1.3352 Singapore dollars) (Reporting by Anshuman Daga Editing by Shri Navaratnam) ....
UOB s Q1 profit rises 18% on lower impairment charges Toggle share menu Advertisement File photo of UOB (Photo: Jeremy Long) 06 May 2021 08:07AM (Updated: 06 May 2021 08:10AM) Share this content Bookmark SINGAPORE: United Overseas Bank, reported an 18% rise in first-quarter net profit on Thursday (May 6), boosted by strong fee income growth, a decline in impairment charges and strong credit demand. We expect this momentum to continue as economic and business activity picks up and market sentiment improves across the region, starting with Singapore and Greater China, CEO Wee Ee Cheong said in a statement. Advertisement Advertisement The results came after larger peer DBS Group trounced profit estimates last week, thanks to strong loan growth, improved asset quality and a bumper quarter for its wealth management business. OCBC reports results on Friday. ....
AIOU, UoB to promote education in Balochistan Briefed UoB VC on initiatives taken recently to extend educational network to remotest areas of Balochistan FILE ISLAMABAD: The Allama Iqbal Open University (AIOU) and University of Balochistan (UoB) will make joint efforts to promote education in the province. This was agreed upon between the vice chancellors of the two universities in a meeting the other day. AIOU Vice Chancellor Dr Ziaul Qayyum called on Dr Shafiqur Rehman, vice chancellor of the University of Balochistan, and discussed matters relating to the promotion of education in Balochistan and eradication of illiteracy from the province. ....