Financial Performance3Q24 revenue and profit beat consensus by over 6%.
Investment IncomeHigher trading and liquidity management activities boosted trading and investment income by 131% year-over-year, while customer-related treasury income reached an all-time high from increased bond sales and hedging demands.
Strategic AcquisitionsUOB's acquisition of Citigroup’s consumer businesses in Indonesia, Malaysia, Thailand, and Vietnam allows it to accelerate, scale up, and deepen its ASEAN franchise.