A customer uses an ATM at an United Overseas Bank Ltd. (UOB) branch in Singapore, on Thursday, Feb. 23, 2023. Singapore's United Overseas Bank, or UOB, on Thursday cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22% jump in fourth quarter net profit. UOB maintained its 2024 guidance for double-digit fee growth while projecting total income to see positive growth, according to UOB CEO Wee Ee Cheong's earnings presentation slides. Credit costs for 2024 are expected to be at the lower end of its previous 25 to 30 basis points guidance range. "Global economic outlook remains uncertain in the near term, but Southeast Asia continues to be a bright spot," Wee said in a statement.

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Persons: UOB, Wee Ee, Wee Organizations: United Overseas Bank Ltd, Singapore's United Overseas Bank Locations: Singapore, Southeast Asia