The Company was incorporated as a public company under the name of United Chinese Bank Ltd on 6 August 1935. The present name United Overseas Bank was adopted in 1965.
It was officially quoted on the then Stock Exchange of Malaysia and Singapore on 20 July 1970 and on Hong Kong Exchange in December 1972.
The UOB Group's 277 bank offices worldwide, comprising 65 bank branches in Singapore and 212 offices overseas, represent one of the largest network among Singapore-incorporated banks.
The Group, comprising United Overseas Bank, Chung Khiaw Bank, Far Eastern Bank and Industrial & Commercial Bank, offers the full range of commercial banking services. Other financial services provided include private banking, trust services, venture capital investment, merchant banking, stockbroking, insurance, fund management, derivatives trading, precious metals trading, factoring, hire purchase and life assurance. Through its associate companies, principally the United Overseas Land (UOL) group and the Haw Par group, the UOB Group has diversified interests in travel, leasing, property development, hotel management, healthcare, manufacturing and general trading.
FY00 Turnover Interest $3.1B, fee and commission $330.4m, dividend $8.2m, other $386.5m income.
1HFY01 profit rose sligthly better net interest income, gain from sale of goverment securities, higher forex gain, lower operating expenses and reduce provisions. UOB hopes for low single-digit growth in FY01. |
