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