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UOB 2Q earnings hit high of $1.08 bil on strong overall operating income

PC Lee
PC Lee8/3/2018 07:23 AM GMT+08  • 3 min read
UOB 2Q earnings hit high of $1.08 bil on strong overall operating income
SINGAPORE (Aug 3): UOB Group reported 2Q18 earnings rose to a new high of $1.08 billion, 28% higher compared to the same quarter last year and higher than the average estimate of $993.9 million from two analysts, according to Thomson Reuters.
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SINGAPORE (Aug 3): UOB Group reported 2Q18 earnings rose to a new high of $1.08 billion, 28% higher compared to the same quarter last year and higher than the average estimate of $993.9 million from two analysts, according to Thomson Reuters.

This also brings earnings for 1H18 to a new high of $2.05 billion, up 24% from a year ago.

In 2Q18 ended June, net interest income grew 14% to $1.54 billion, supported by loan growth of 10% and an improvement in net interest margin by 8 basis points to 1.83%.

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