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.

UOB signs MOU with Korean Housing Finance Corp

UOB will support KHFC’s bid to expand in Southeast Asia.
6 days ago

UOB signs MOU with Korean Housing Finance Corp

UOB will support KHFC’s bid to expand in Southeast Asia.
6 days ago

Singapore banks report lower earnings in unison

DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.

UOB profits down 11% to S$906m in Q1 amidst market volatility

Loan fees grew, but credit card and wealth fees recorded declines.

UOB chief’s salary climbs to S$10.9m in 2021

The group also reported a 40% surge in net profits for 2021.

Singapore’s financial institutions on the lookout for risks arising from Russia

Local FIs are reportedly taking appropriate measures to manage risks, says MAS.

Singapore banks halt lending for Russian energy trades: report

DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.

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.

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.