SINGAPORE, Feb 23 (Reuters) - United Overseas Bank reported on Thursday a 37% increase in quarterly core
profit as rising interest rates swelled net interest income at
Singapore's smallest listed lender.
The Southeast Asian-focussed bank's core net profit rose to
S$1.39 billion ($1.04 billion) in October-December from a year
earlier, compared with an average estimate of S$1.2 billion from
two analysts polled by Refinitiv. Including one-off expenses,
UOB posted net profit of S$1.15 billion.
($1 = 1.3407 Singapore dollars)
(Reporting by Anshuman Daga; Editing by Richard Chang)
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