UOB’s Q3 net profit jumps 182% to $1.25b but misses estimates; shares fall over 5%
The bank on Thursday appointed independent board director Anthony Lim as chairman from Jan 1, 2027, succeeding Peter Seah, who will step down after 16 years in the role.
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UOB’s Q3 net profit jumps 182% to $1.25b but misses estimates; shares fall over 5% (opens The Straits Times in a new tab)
The jump in net profits was largely due to a sharp drop in provisions for potential loan losses.
DBS third-quarter net profit falls 5% on year, misses forecasts (opens CNA in a new tab)
The bank on Thursday appointed independent board director Anthony Lim as chairman from Jan 1, 2027, succeeding Peter Seah, who will step down after 16 years in the role.
