UOB Malaysia chief executive officer Wong Kim Choong
KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) posted a 3.7% year-on-year increase in total operating income to RM3.21bil in 2020.
The banking group’s net profit, however, was 16.8% lower at RM1.02bil as it was proactive in making pre-emptive provisioning on its assets given the uncertainties arising from the economic impact of the Covid-19 pandemic.
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