UOB Malaysia’s FY2023 net profit up 44.4% to RM1.9b

KUALA LUMPUR (May 10): United Overseas Bank (Malaysia) Bhd (UOB Malaysia) posted a net profit of RM1.9 billion in financial year 2023 (FY2023), up 44.4% from RM1.3 billion in the previous year, driven by higher operating income.

In a statement, the bank said the operating income grew by 19.3% to RM4.6 billion (2022: RM3.9 billion) and crossed the RM4.0 billion mark for the first time, backed…