SINGAPORE (Reuters) -Singapore’s United Abroad Financial institution (OTC:) (UOB) reported on Thursday a 1% rise in web revenue within the second quarter from a 12 months earlier on the again of upper web price earnings and a rebound in loan-related charges and wealth administration charges.
UOB, which can also be Southeast Asia’s third-largest financial institution by property, stated its April-June web revenue rose to S$1.43 billion ($1.07 billion) from S$1.42 billion a 12 months earlier.
This was decrease than the imply estimate of S$1.44 billion from 4 analysts polled by LSEG.
($1 = 1.3365 Singapore {dollars})