UOB Reports $1.65 Billion Profit for 1st Half 2017

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UOB Reports $1.65 Billion Profit for 1st Half 2017

UOB Group reported S$1.65 billion profit for 1st half 2017, 5.5% higher than the year before.

” Wealth Management generated S$262 million in fees “

Net interest income grew 7.0% to $2.66 billion, led by loan growth across most territories and industries while non-interest income increased 9.3% to $1.65 billion.  Wealth Management generated S$262 million in fees while Fund Management generated S$111 million in fees.

Source: Official Press Release

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About United Overseas Bank

United Overseas Bank (UOB) was founded by Datuk Wee Kheng Chiang, incorporated on 6 August 1935 as the United Chinese Bank — the change of the name was effected in 1965. Today, the UOB Group has a network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America. UOB provides a wide range of financial services through its global network of branches, offices, subsidiaries and associates: personal financial services, private banking, commercial and corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management, insurance and stockbroking services.

• Origin : Singapore
• Assets : $316 billion
• Revenue : $8.05 billion
• Employees : 26,166

Official Website: www.uobgroup.com

News & Media: Press Release

Updated on 8th August 2016

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