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The region’s fintech firms brought in $3.5 billion in funding in the first nine months of 2021 – up more than three times compared to the whole of 2020. The rebound in fintech funding was driven by 167 deals including 13 mega-rounds, which accounted for $2…
The bank rode on loan growth and fee income, as well as lower credit allowance, to post modest growth amid slower-than-expected economic recovery across the region. UOB’s net profit after tax for the third quarter of 2021 was 4 percent higher…
The platform will be launched first in Singapore, with subsequent roll-outs in Malaysia, Thailand, and Indonesia. UOB is launching an integrated financing platform U-Energy to drive the development and adoption of energy efficiency projects for buildings and…
This initiative comes amid a rise in the use of digital securities to enhance the efficiency of bonds and other fixed-income instruments. UOB and ADDX have completed the digitization and digital custody of a S$50-million portion of the $675 million…
The bank said it would invest up to $500 million in digital innovation initiatives to reach its goal of serving more than 7 million customers in Asean. With digital banking now the preferred choice among UOB customers, the bank is «doubling down» on its…
UOB has announced changes to its board, including the addition of a 40-year banking veteran as its new independent director. Tracey Woon joins UOB as an independent director as well as a member of its audit committee and board risk management committee,…
The experienced equity brokerage and investment banker will head up Haitong Securities’ corporate finance team in Singapore. UOB’s former head of equity capital markets (ECM) Jack Kang has joined Haitong International Securities (Singapore) as an executive…
The bank posted a record quarterly wholesale banking income of $848 million, and a record AUM in wealth management in the first half of 2021. UOB posted second-quarter earnings of S$1 billion ($740 million), unchanged from the first quarter, which brought…
The bank aims to double its wealth fee income by 2026, which translates to a compound annual growth rate of over 15 percent over the next five years. UOB is hoping get more of its customers to kickstart their investment journey by expanding its digital wealth…
The bank has priced S$600 million of perpetual capital securities at a fixed coupon rate of 2.55 percent – the lowest for benchmark perpetual securities for banks in Singapore. UOB is piloting the digital issuance of its latest bond offering on…
The initiative will remove one of the roadblocks – the need for physical signatures – in fully digitalizing the documentation process. UOB is starting a 12-month trial to test the use of Government Technology Agency’s (GovTech) Sign with Singpass among its…
The initiative will remove one of the roadblocks – the need for physical signatures – in fully digitalizing the documentation process. UOB is starting a 12-month trial to test the use of Government Technology Agency’s (GovTech) Sign with Singpass among its…
The loans will help two of the bank’s clients in Singapore’s food supply chain build on their sustainability initiatives and strengthen their supply chain resilience. UOB has extended its first green trade finance facilities under the Green Finance Industry…
The protracted COVID-19 pandemic is no longer just a disruption to the way we work but has transformed permanently the world of work, Chan Kok Seong, UOB’s group chief risk officer, says in an interview. The future of work is shaping into a hybrid model that…
UOB is the latest bank to express interest in potentially acquiring Citi’s retail assets in the Asia Pacific region. UOB chief executive Wee Ee Cheong said that the Singapore lender would provide more clarity on acquisition plans after Citi release more…
The bank’s quarterly earnings surged on the back of strong fees, trading, and investment income as business momentum improved. UOB’s earnings grew to S$1 billion ($750 million) in the first quarter of 2021 – up 46 percent from the previous quarter’s S$688…
