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United Overseas Bank 3Q Net Rose 57% on Year

大华银行第三季度净值同比增长57%

Dow Jones Newswires · 2021/11/02 19:26

   By P.R. Venkat

United Overseas Bank Ltd. third-quarter net profit rose 57% on year due to lower credit allowances and higher interest and fee income.

Net profit for the quarter came in at 1.05 billion Singapore dollars ($778.45 million) and total income grew 8% on year at S$2.45 billion, the bank said Wednesday.

Net interest income during the period was up 9% on year at S$1.60 billion, while fee income rose 15% at S$589 million.

Total allowances during the first nine months fell 53% on year to S$546 million due to stabilizing credit outlook and pre-emptive allowances made year earlier.

"Amid near-term uncertainties, the gradual reopening of borders bodes well for business flows and we remain positive of strong activities along the Greater China-ASEAN trade corridors," UOB said.

Write to P.R. Venkat at venkat.pr@wsj.com

   By P.R. Venkat

作者：P.R.Venkat

United Overseas Bank Ltd. third-quarter net profit rose 57% on year due to lower credit allowances and higher interest and fee income.

大华银行(United Overseas Bank Ltd.)第三季度净利润同比增长57%，原因是信贷额度降低以及利息和手续费收入增加。

Net profit for the quarter came in at 1.05 billion Singapore dollars ($778.45 million) and total income grew 8% on year at S$2.45 billion, the bank said Wednesday.

该银行周三表示，该季度净利润为10.5亿新加坡元(合7.7845亿美元)，总收入同比增长8%，至24.5亿新加坡元。

Net interest income during the period was up 9% on year at S$1.60 billion, while fee income rose 15% at S$589 million.

该季度净利息收入同比增长9%，至16亿新元，手续费收入增长15%，至5.89亿新元。

Total allowances during the first nine months fell 53% on year to S$546 million due to stabilizing credit outlook and pre-emptive allowances made year earlier.

前九个月的总免税额同比下降53%，至5.46亿新元，原因是信贷前景企稳和去年同期发放的先发制人免税额。

"Amid near-term uncertainties, the gradual reopening of borders bodes well for business flows and we remain positive of strong activities along the Greater China-ASEAN trade corridors," UOB said.

大华银行表示：“在近期的不确定性中，边境的逐步重新开放对商业流动来说是个好兆头，我们仍然看好大中华区-东盟贸易走廊沿线的强劲活动。”

Write to P.R. Venkat at venkat.pr@wsj.com

写信给P.R.Venkat：venkat.pr@wsj.com

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United Overseas Bank 3Q Net Rose 57% on Year

United Overseas Bank 3Q Net Rose 57% on Year

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