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UOB reports 21% rise in 1Q earnings to record $978 mil as net interest income hits new high

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UOB reports 21% rise in 1Q earnings to record $978 mil as net interest income hits new high

PC Lee Published on Thu, May 03, 2018 / 7:13 AM GMT+8

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SINGAPORE (May 3): UOB Group reported record 1Q18 earnings of $978 million, 21% higher than the $807 million year ago.

The bank was expected to post earnings of $959.8 million, the mean of four estimates calculated by Thomson Reuters.

Total income in the three months ended March grew 9% from a year earlier to $2.23 billion.

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