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Singapore’s UOB Second-Quarter Net Gains 5% to S$801 Million

Chanyaporn Chanjaroen
Updated

(Bloomberg) -- United Overseas Bank Ltd., Southeast Asia’s third-largest bank by assets, said second-quarter profit rose 5 percent.

Net income rose to S$801 million ($592 million) for the three months ended June 30 from S$762 million a year earlier, the Singapore-based bank reported Thursday. That compares with the average forecast of S$769 million in a Bloomberg survey of six analysts.

To contact the reporter on this story: Chanyaporn Chanjaroen in Singapore at cchanjaroen@bloomberg.net. To contact the editors responsible for this story: Marcus Wright at mwright115@bloomberg.net, Darren Boey, Andreea Papuc

©2016 Bloomberg L.P.