SINGAPORE, May 6 (Reuters) United Overseas Bank <UOBH.SI>, Singapore's second-largest lender by assets, said its first-quarter profit fell 23 percent on hefty writedowns for bad debt, but the profit drop was smaller than expected as net interest income climbed 11 percent.
Jan-March net profit fell to S$409 million ($278 million) from S$529 million a year ago. Analysts had predicted a net profit of S$387 million, according to the average of four analysts polled by Reuters.
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