Singapore bank UOB’s first-quarter net profit drops 2% on year

SINGAPORE, May 8 (Reuters) – Singapore’s United Overseas Bank (UOB) reported on Wednesday a 2% decline in net profit in the first quarter from a year earlier on the back of a drop in net interest income arising from a lower net interest margin. (Reporting by Yantoultra Ngui Editing by Chris Reese)

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