SHARJAH/WAM His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler …
Read More »UOB Q3 profit falls 7.8% as soured assets rise
Bloomberg United Overseas Bank Ltd., (UOB) Southeast Asia’s third-largest lender, said third-quarter profit fell 7.8 percent from a year earlier, as the bank set aside higher provisions for soured loans to the struggling oil and gas industry. The shares fell. Net income fell to S$791 million ($567 million) in the three months to September from S$858 million a year earlier, …
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