UOB reported net profit of S$1,046m for 3Q21, above consensus estimate of S$1,004m. Loan growth was strong at 9% yoy and 3% qoq. NIM eased marginally by 1bp qoq to 1.55%. Fees grew 15% yoy but was flat qoq. Wealth management fees increased 24% yoy but receded 6% qoq. Operating expenses increased 6% yoy. NPL […]

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