UPDATE 1-Singapore bank UOB’s Q1 profit falls to 2-yr low, raises impairment charges
Singapore’s United Overseas
Bank reported a smaller-than-expected 19% drop in
first-quarter net profit on Wednesday, but it increased
impairment charges to reflect worsening economic conditions due
to the coronavirus outbreak.
Bank reported a smaller-than-expected 19% drop in
first-quarter net profit on Wednesday, but it increased
impairment charges to reflect worsening economic conditions due
to the coronavirus outbreak.
Posted by Reuters
