UOB Group has reported a net profit after tax of $1 billion for the 1QFY2021 ended March, rebounding 46% q-o-q from $688 million in the 4QFY2020. It also represents an 18% growth y-o-y.

In the bank’s update on the quarter dated May 6, UOB attributes the better performance to “broad-based growth with record fees”.

SEE:Large amounts of general provisioning

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