UOB Shares Gain as Results Allay Earlier Fears on Asset Quality

  • 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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