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United Overseas Bank Limited (UOVEY)
- Reuters SG
UPDATE 3-UOB posts small drop in quarterly profit, confident of maintaining key margin level
Singapore's United Overseas Bank (UOB) posted a smaller-than-expected 2% drop in first-quarter profit on Wednesday and said it was confident of preventing further declines in its net interest margin. Chief Financial Officer Lee Wai Fai said Southeast Asia's third-largest bank had benefited from the U.S. Federal Reserve's decision to defer rate cuts.
- PR Newswire
"Artful-noon" dining experiences await as UOB launches 43rd UOB Painting of the Year competition
UOB launched the 43rd edition of the UOB Painting of the Year (UOB POY) competition today with a multi-sensory food art showcase, featuring delectable artistic treats in a collaboration between UOB POY artists and restaurant partners from Pan Pacific Hotels Group (PPHG).
- Reuters SG
UPDATE 3-DBS sees net profit rising this year after Q1 beats forecasts
Singapore's biggest bank DBS Group expects its net profit to grow this year, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income growth. "While geopolitical tensions persist, macroeconomic conditions remain resilient and our franchise is well positioned to capture business opportunities," DBS Chief Executive Officer Piyush Gupta said in a statement.
