UOB

Lender declares a dividend of S$0.88 per share for the period

UOB’s net profit climbs 10% to S$1.48 billion; OCBC’s is up 22% at S$2.22 billion

Financial institutions play a key role as ‘superconnectors’ in enabling a project’s success

The sale, which includes excess cash, is expected to generate a pre-tax gain of about S$330 million for the bank

Local banks are in focus this week as investors look for clues on whether Q2 tailwinds can extend into the year

DBS, OCBC and UOB have beaten global benchmarks and some of the biggest US lenders over the past 20 years

Consumers overall more optimistic about macroeconomic environment but stay cautious on personal finances

It also plans to treble its client adviser ranks to about 60, as the Singapore lender seeks to capture rising wealth flows between China and Asean

The challenge then is to work out how to cut needless friction in the system without weakening safeguards