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Financials

Singapore bank UOB reports 32% drop in Q4 profit

SINGAPORE, Feb 25 (Reuters) - United Overseas Bank Ltd reported a 32% fall in quarterly profit as Singapore’s smallest listed bank said its net interest income declined and credit losses swelled.

UOB said on Thursday that October-December net profit slumped to S$688 million ($521.7 million) from a year earlier, in line with an average estimate of S$696.3 million of four analysts, according to data from Refinitiv. ($1 = 1.3188 Singapore dollars) (Reporting by Anshuman Daga; Editing by Leslie Adler)

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