UOB
UOB is a bank in Asia that provides a wide range of financial services such as personal financial services, private banking, business banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, brokerage and clearing services, asset management, venture capital management and insurance.
See below for the Latest UOB News, Analysis, Profit Results, Share Price Information, and Commentary.
DBS, OCBC, UOB: Who performed best in Q4 2021?
One of the three failed to meet market expectations.
UOB to facilitate US$2.4b pipeline of investments in Vietnam
This is expected to create 13,000 jobs in the country.
Singapore's carbon tax hike to leave massive economic impact: banks
Power generation, manufacturing, transport industries will be the most impacted.
UOB prices planned A$900m floating rate notes at 0.72% per annum
Its maturity date will be five years from the date of issue.
UOB net profits jump 40% to S$4.075b in 2021
Wealth management and loan fees hit record highs.
Singapore releases methodologies on responsible use of AI by financial institutions
The Veritas Consortium also released an open-source toolkit to help with adoption.
UOB injects $316m in capital to China subsidiary
Capital will be used to develop cross-border services and push sustainability strategy.
Recent rate cuts to shave off $7.2b from Chinese banks’ net interest income
The impact on mortgage loans will not be felt until January 2023.
UOB’s purchase of Citi ASEAN retail assets improves profits, accelerates expansion
It is expected to add S$1b in profits annually, with earnings accretive beginning 2023.
UOB Malaysia puts into motion strategic initiatives to accelerate digital agenda
Since 2018, the Bank has embarked on a digital transformation journey to deliver seamless customer experience and frictionless banking.
UOB buys Citi’s retail businesses in 4 SEA markets for US$3.65b
UOB is paying for the net asset value plus a premium of US$690m.
NTUC Income’s BIX onboard UOB Asset Management’s digital advisory service
UOBAM Invest is the first partner to be onboarded in the BIX platform.
UOB’s Indonesian digital bank arm launches buy now pay later services
TMRW Pay offers deferred payments with zero-interest for up to 90 days.
Buy now, pay later more needed in markets with credit under penetration: UOB TMRW exec
It’s not as urgent as other markets with credit under-penetration, says TMRW Digital Group CCO.
UOB simplifies and amplifies Singaporeans' green energy journeys with U-Energy
The bank seeks to help address the energy crisis and rising electricity costs, says UOB’s Jasper Wong.
ASEAN fintech funding achieves record $3.5b in 2021: study
Funding to investment tech and cryptocurrency firms grew by over 5x since 2020.
Singapore banks, SGTraDex to develop standards for green trade finance digitalisation
UOB, DBS, OCBC, and Standard Chartered are participating in the initiative.
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