United Overseas Bank reports 3.2% rise in Q2 earnings to $808 million
Published on Jul 31, 2014 5:45 PM
SINGAPORE - Strong contributions from its net interest income and investment gains helped United Overseas Bank (UOB) to log a 3.2 per cent hike in its second quarter net profit to $808 million.
The bank said its net interest income increased by 10.7 per cent to $1.12 billion for the three months ended June 30, helped by a higher loan base.
Non interest income grew 21.1 per cent to $760 million, with increased gains from investment securities.
Net interest margin remain unchanged at 1.71 per cent.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here