JAKARTA (Yosefardi) – United Overseas Bank (UOB) Limited, parent of PT Bank UOB Indonesia, booked net profit of SGD 764 million in the first half of 2015, declined 6% from SGD 813 million in the corresponding period of 2014.
Net interest income rose 7.9% to SGD 1.2 billion from previous SGD 1.1 billion. Interest income increased 10% to SGD 1.94 billion from earlier SGD 1.76 billion.
Operating income rose 2.3% to SGD 1.93 billion from SGD 1.88 billion a previous year. But operating expenses also rose 11.4% to SGD 877 million. The bank’s assets reached SGD 310 million while liability amounted SGD 279 million.