UOB Reports $1.65 Billion Profit for 1st Half 2017
UOB Group reported S$1.65 billion profit for 1st half 2017, 5.5% higher than the year before.
” Wealth Management generated S$262 million in fees “
Net interest income grew 7.0% to $2.66 billion, led by loan growth across most territories and industries while non-interest income increased 9.3% to $1.65 billion. Wealth Management generated S$262 million in fees while Fund Management generated S$111 million in fees.
Source: Official Press Release
About United Overseas Bank
United Overseas Bank (UOB) was founded by Datuk Wee Kheng Chiang, incorporated on 6 August 1935 as the United Chinese Bank — the change of the name was effected in 1965. Today, the UOB Group has a network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America. UOB provides a wide range of financial services through its global network of branches, offices, subsidiaries and associates: personal financial services, private banking, commercial and corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management, insurance and stockbroking services.
- Origin : Singapore
- Assets : $316 billion
- Revenue : $8.05 billion
- Employees : 26,166
Official Website: www.uobgroup.com
News & Media: Press Release
Updated on 8th August 2016
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