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UOB posts record high earnings of $4.34 bil in FY19 despite slowing q-o-q in fourth quarter

Stanislaus Jude Chan
Stanislaus Jude Chan2/21/2020 9:19 AM GMT+08  • 3 min read
UOB posts record high earnings of $4.34 bil in FY19 despite slowing q-o-q in fourth quarter
UOB has recommended a final dividend of 55 cents per share and a special dividend of 20 cents per share, bringing total dividend for FY2019 to $1.30 per share.
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SINGAPORE (Feb 21): United Overseas Bank (UOB) saw a 10% y-o-y rise in net earnings to $1.01 billion in 4QFY2019 ended December, from $916 million in the corresponding quarter last year.

The growth was driven by net interest income as well as trading and investment income.

Net interest income increased 2% to $1.64 billion, led by loan growth of 3%.

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