Photo Credit: Uob-uobplaza by mailer_diablo under Creative Commons Attribution-Share Alike 3.0 Unported
United Overseas Bank Ltd (SGX: U11), or UOB, became the second lender to report its first-quarter 2021 business update after DBS Group (SGX: D05) reported a blockbuster set of earnings last week.
UOB did not disappoint either.
It reported a year on year rise in income along with broad-based growth across the whole group.
Net profit after tax jumped by 18% year on year to S$1 billion.
