Singapore's UOB Q3 net profit misses forecasts; wealth momentum continues

SINGAPORE: Singapore's United Overseas Bank, or UOB, on Wednesday posted a net profit for the July-September period that missed expectations, despite stronger loan-related activities and wealth management fees reaching an all-time high.

UOB's third-quarter net profit of S$1.25 billion ($975.72 million) was more than double that of a year earlier, but the year-ago quarter was a low base due to a surge in credit provisions by the lender.

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新加坡：新加坡大华银行（UOB）周三公布，尽管贷款相关业务强劲增长，财富管理费用也创历史新高，但其7月至9月期间的净利润仍低于预期。

大华银行第三季度净利润为 12.5 亿新元（9.7572 亿美元），是去年同期的两倍多，但由于该银行信贷拨备大幅增加，去年同期基数较低。

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