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UOB reports 57% higher earnings of $1.05 bil in 3QFY21 business update

Felicia Tan
Felicia Tan11/3/2021 7:44 AM GMT+08  • 4 min read
UOB reports 57% higher earnings of $1.05 bil in 3QFY21 business update
In the 3QFY2021, the group's CASA rose to a new high of 55.8%.
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UOB Group has reported net profit after tax (NPAT) or net earnings of $1.05 billion, representing a 57% growth y-o-y and a 4% q-o-q increase for the 3QFY2021 ended September.

The higher earnings were due to sustained income momentum and stabilising credit outlook, said the bank in their 3QFY2021 business update on Nov 3.

The group’s performance for the quarter was also due to its growth engines of connectivity, digital and sustainability capabilities.

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