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Leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America.
United Overseas Bank Limited, together with its subsidiaries, provides banking products and services. It operates through three segments: Group Retail, Group Wholesale Banking, and Global Markets. The company offers loan products, including overdrafts, cash credit, short-term, and long-term loans. It also provides buyers with credit, structured trade finance, SGD bonds, loan syndication, and M&A services. In addition, the company offers forex, documentary collection, credit, bank guarantee, and export and import finance services. Further, the company provides inward and outward remittances, spot and forward, current account, and time deposit services.
Additionally, the company offers letter of credit advising and negotiation/discounting services; import and export services comprising of inward and outward bill collection services, and documents against acceptance and payment. Furthermore, the company provides private, commercial, corporate, and investment banking services. It also offers corporate finance, treasury, futures broking, asset management, venture capital management, insurance, and stockbroking services; engages in the capital market, credit card, and private residential home loan businesses; and loans to small and medium enterprises.
The company operates approximately 500 branches and offices in Singapore, Malaysia, Indonesia, Thailand, China, and internationally. United Overseas Bank Limited was incorporated in 1935 and is headquartered in Singapore.
On 6 August 1935, businessman Wee Kheng Chiang, together with six other friends, established the bank after raising S$1 million. The bank was named United Chinese Bank to emphasise its links to the Chinese population in Singapore. In October 1935, UCB opened for business in the three-story Bonham Building.
In 1965, the bank was renamed United Overseas Bank to avoid duplication with another United Chinese Bank in Hong Kong and opened its first overseas branch in Hong Kong. In 1970, UOB was listed on the Joint Stock Exchange of Singapore and Malaysia. After it was publicly listed, the bank went through a series of targeted acquisitions. The bank first acquired the controlling stake of Chung Khiaw Bank in 1971, which expanded its domestic presence and also gave the bank offices in Malaysia and Hong Kong. A new logo for both United Overseas Bank and Chung Khiaw Bank was launched in January 1972.
In 1973, UOB then acquired Lee Wah Bank, which provided services in Malaysia and Singapore. In that same year, the bank built a new 30-storey office tower in place of the Bonham Building, which was named the UOB Building. The company continued with acquisitions, with Far Eastern Bank in 1984, Westmont Bank and Radanasin Bank Public Company Limited) in 1999. The bank then merged with the Overseas Union Bank Limited in a deal estimated to be worth S$10 billion in 2001.
In 2002, UOB started expanding into the Chinese market by opening a new full-service branch office in Shanghai and upgrading of its Beijing office to a full-service branch. On 18 January 2019, UOB was listed in the Bloomberg Gender-Equality Index for the first time in recognition of gender equality.
In 2010, UOB launched its first digital banking services, allowing customers to access their accounts and conduct transactions online. This was followed by the launch of UOB Kay Hian, a digital investment platform. The bank also launched UOB Asset Management and UOB Insurance, expanding its suite of wealth management solutions.
In 2013, UOB established its first presence in China with the opening of a representative office in Shanghai. This was followed by the launch of UOB Great China Bank, the first foreign bank to be set up in the country.
In 2016, UOB launched UOB Private Bank, UOB’s first private banking service. The same year, the bank acquired a 50.1% stake in the Bank of Tianjin, a regional bank in China. This marks UOB’s first acquisition of a financial institution in China.
In 2017, UOB launched UOB Mighty, a digital banking service that allows customers to conduct transactions without the need for a physical bank account. In the same year, the bank also introduced UOB Business Banking, a suite of products and services tailored for small and medium-sized enterprises.
In 2018, UOB launched UOB CashXchange, a foreign currency exchange service for customers travelling overseas. The bank also expanded its presence in Vietnam with the opening of its first full-service branch in Ho Chi Minh City.
In 2019, UOB opened its first full-service branch in Cambodia and launched UOB Leveraged FX, a digital foreign exchange trading platform. The same year, the bank also became the first foreign bank in China to launch a digital wallet, UOB Smart Wallet.
UOB has continued to expand its presence and offerings over the past ten years, providing customers with an ever-growing suite of products and services. This has allowed the bank to become a leading player in the financial industry in Southeast Asia.
UOB's mission to be a premier bank in the Asia-Pacific region is focused on providing quality products and excellent customer service. This mission reflects the company's commitment to meeting the needs of its customers and delivering value to its stakeholders.
To achieve its mission, UOB strives to maintain its position as a leading financial institution in the region, through its focus on innovation, technology, and a customer-centric approach. The bank is committed to developing innovative products and services that meet the evolving needs of its customers, and to providing superior customer service through its extensive network of branches and digital channels.
In addition to its commitment to customer satisfaction, UOB is also committed to responsible business practices and contributing to the sustainable development of the communities it serves. The bank recognizes the importance of sustainable development and has implemented a number of initiatives to minimize its environmental impact and support social causes.
UOB's vision is centered on building long-term relationships with their customers. They aim to achieve this through their expertise in various products and markets, as well as their commitment to always do what is right for their customers.
This vision is based on UOB's belief that building strong and lasting relationships with customers is key to their success. By providing quality products and excellent customer service, they aim to establish themselves as a premier bank in the Asia-Pacific region.
UOB's vision also encompasses their commitment to ethics and integrity in all aspects of their business operations. They strive to do what is right for their customers, employees, and stakeholders, and to maintain the highest standards of professional conduct. This commitment to ethical behavior is reflected in the bank's policies and procedures, as well as their interactions with customers and the community at large.
United Overseas Bank (UOB) offers a wide range of products and services for individuals, small businesses, and large corporations. These include:
Personal banking: UOB provides personal banking services such as savings and current accounts, credit cards, loans, insurance, and investment options. It also offers priority banking services for high-net-worth individuals.
Business banking: UOB caters to the banking needs of small and medium-sized enterprises (SMEs) and large corporations. Its business banking services include corporate loans, trade finance, cash management, and treasury services.
Wealth management: UOB's wealth management services include financial planning, investment advisory, trust services, and estate planning for high-net-worth individuals.
Investment banking: UOB offers investment banking services such as corporate finance, debt and equity capital markets, and mergers and acquisitions advisory.
Digital banking: UOB provides digital banking services such as online banking, mobile banking, and electronic payments.
International banking: UOB has a strong presence in the Asia-Pacific region, and provides international banking services such as foreign currency exchange, cross-border payments, and trade finance.
https://en.wikipedia.org/wiki/United_Overseas_Bank
https://www.crunchbase.com/organization/united-overseas-bank
https://sec.report/CIK/0000867530
https://sg.finance.yahoo.com/quote/U11.SI/
https://www.comparably.com/companies/united-overseas-bank
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.bloomberg.com/profile/company/UOB:SP
https://www.reuters.com/markets/companies/UOBH.SI/
https://www.globaldata.com/company-profile/united-overseas-bank-ltd/locations/
