01.08.2016 04:08:00
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United Overseas Bank Limited -- Moody's: OCBC and UOB results for 1H2016 point to asset quality and profitability pressures
Singapore, August 01, 2016 -- Moody's Investors Service says that the 1H2016 financial results of Oversea-Chinese Banking Corp Ltd (OCBC, Aa1/Aa1 Negative, aa3) and United Overseas Bank Limited (UOB, Aa1/Aa1 Negative, aa3) reveal further weakening in their asset quality and profitability, which reflects the persistent challenges they face and underpins the negative outlooks on their credit ratings.