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.
Singapore banks’ loan growth, fee income steady in Q2
Singapore banks’ loan growth, fee income steady in Q2
But treasury customer income is lower after their record highs in Q1.
Retail sales dip 3.7% YoY in June amidst slow tourism recovery
Major events and cash handouts may boost retail sales.
UOB’s net profit stable at S$2.91b in H1; interim dividend is 88 cents
Income growth and lower allowances were offset by one-off integration costs.
MAS likely to keep restrictive slope amid rising imported inflation
Policy normalisation, however, could take place in October.
UOB names Susan Hwee as head of group retail
Eddie Khoo to retire; Lawrence Goh is new head of GTO.
MAS “closely monitoring” global IT outage
Major banks reported little to no impact to customers and key operations.
MAS seen loosening policy in October as disinflation stalls: UOB
Core inflation will start easing drastically in Q1 2025.
Tight financial conditions to weigh on GDP growth this year: UOB
Rate cuts could stimulate investment and boost consumption overseas.
Acrophyte buys 19% stake in ARA H-Trust
Acrophyte AM has acquired both ARA H-Trust’s REIT manager and trustee-manager.
Analysts keep a bright outlook for retail
RHB sees retail sales rising 2% YoY in 2024.
Red Sea diversions strain Singapore's PMI
PMI dipped to 50.4 in June.
Stock market booked $1.17b net institutional outflow in H1
UOB, OCBC, Singtel and Yangzijiang Shipbuilding book the most inflows.
UOB winds down digital credit assessment subsidiary
It had promised to invest S$12m on Avatec when it launched in 2018.
SG banks turn to upskilling as hiring sentiments turn ‘cautious’
Roles related to wealth advisory and anti-ML and fraud are most in demand.
Meaningful H2 recovery underway for Singapore’s NODX: experts
NODX fell 0.1% YoY in May.
85 Singaporean companies included in Fortune’s SEA 500 rankings
Trafigura, Wilmar, Olam, Flex, and DBS all made it into the top 10.
Singapore’s big banks aim for 96% emissions cut by 2050
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.
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