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UOB net profit reaches S$1 billion, buoyed by strong growth in WM fees

UOB saw its 1Q21 net profit after tax rise 18% YoY, supported by the strong momentum in its wealth management business and a record high AUM of S$136 billion across its privilege and private banking segments. On the back of a higher fee income — especially wealth management and loan-related fees — UOB grew its 1Q21 net profit after tax…

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