UOB reports 46% q-o-q growth in net profit to $1 bil for 1Q21 on record fee income
Atiqah Mokhtar • • 3 min read
UOB achieved record fee income of $638 million for the period, up 22% q-o-q.
Follow us on Facebook and join our Telegram channel for the latest updates.
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”.
Never miss out on important financial news and get daily updates today
×
Download The Edge Singapore App
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
