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NRA Capital Pte Ltd

Written by: Lynn Look

Monday 2 Nov 2015

UOB - 3Q15 Results Update

Results affected by regional currency weakness

UOB’s 3Q performance within our expectations. Pickup in NPLs this quarter should be the worst due to secondary ripple effects from the weakness in the oil & gas and commodity markets in the past few quarters. There was however no substantial increase in provisionings as these loans are heavily collateralised.

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