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Singapore's UOB and OCBC banks report strong Q2 profits, with UOB up 10% and OCBC up 22%
svmuu.com07/08/2026 02:36
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Singapore's largest banks, United Overseas Bank (UOB) and Oversea-Chinese Banking Corp (OCBC), reported significant profit increases for the April-June quarter. UOB's second-quarter figure rose 10%, while OCBC saw a 22% increase. The CEO of UOB attributed the performance to healthy trade and investment flows, stronger connectivity with Greater China, and ongoing supply chain shifts into the ASEAN region, as businesses look to the area for growth. The reports come amid ongoing uncertainty regarding interest rates and economic activity.
Source：Nikkei Asia · Source Link
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