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The Straits Times·Business

UOB profit surges 182% as bad-loan buffers ease

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UOB profit surges 182% as bad-loan buffers ease

United Overseas Bank reported third-quarter net profit of 1.25 billion dollars, up 182 percent, as it set aside less money for bad loans. Profit was still 15 percent lower than the 1.48 billion dollars recorded in the previous quarter.

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