UOB Shares Gain as Results Allay Earlier Fears on Asset QualityBy
Nonperforming loan ratio flat at 1.4 percent from 4th quarter
Profit drop in line with slower economic growth, CEO says
Shares in United Overseas Bank Ltd., Southeast Asia’s third-largest bank by assets, rose on Thursday after it reported first-quarter results that calmed fears about how the bank is weathering weaker economic growth.
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