For the 2HFY2021, the earnings growth was driven by a strong performance across the bank’s business and geographies, along with lower credit costs.
United Overseas Bank (UOB) has posted earnings of $2.06 billion for the 2HFY2021 ended December, 52% higher than earnings of $1.36 billion from the same period a year ago.
Earnings for the 4QFY2021 stood at $1.02 billion, up 48% y-o-y and down 3% q-o-q alongside a seasonally soft quarter.
