UOB Third-Quarter Net Profit Jumps on Lower Provisions
United Overseas Bank said net profit for the three months ended September rose 182% from a year earlier, as it set aside far less for potential bad loans.
By Amanda Lee and P.R. VenkatUnited Overseas Bank's net profit rose in the third quarter, as the lender set aside far less for potential bad loans than a year earlier.Net profit for the three months ended September increased 182% from a year ago to 1.25 billion Singapore dollars, equivalent to US$9…