UOB reported net profits of S$1.05bn ($780bn), up 57% YoY in Q3. Profits were helped by a reduction in allowances by 66% to S$163mn ($121mn) from a pre-emptive S$477mn ($353mn) general allowance taken last year. Besides, net interest income for the quarter increased...
OCBC reported net profits at a high of S$1.5bn ($1.1bn), up 115% over 1Q2020 numbers. Profits were helped by a 66% YoY increase in Banking operations and a 59% YoY increase in Wealth Management to S$1.13bn ($850mn) and S$1.21bn ($910mn). Net interest income stayed...
