- UOB reported net profit of S$788m, in line with consensus estimates.
- Net interest margin expanded by 2bp qoq to 1.79%, benefitting from higher SIBOR and SOR in Singapore.
- Fee income expanded 6.7% yoy with broad-based growth across business units.
- NPL ratio inched higher by 0.1% to 1.4% and loan loss coverage remains healthy at 130.5%.
- Final dividend of 35 cents/share. Including interim dividend of 35 cents/share and special one-off UOB80 dividend of 20 cents/share, total dividend for 2015 was 90 cents/share (2015 - interim: 20 cents/share, final: 50 cents/share and special: 5 cents/share).
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