United Overseas Bank (“UOB”) was incorporated on 6 August 1935 as the United Chinese Bank. Founded by Datuk Wee Kheng Chiang, the Bank catered mainly to the Fujian community in its early years. The change of name was effected in 1965.
Over the past decades, UOB has grown from strength to strength. Through a series of acquisitions, it is now a leading bank in Asia. Besides Far Eastern Bank in Singapore, UOB’s major banking subsidiaries in the region are United Overseas Bank (Malaysia), United Overseas Bank (Thai), PT Bank UOB Indonesia and United Overseas Bank (China). Today, the UOB Group has a network of over 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America.
UOB is providing broad financial services through its branches, offices, affiliates and associated company, including: personal financial service, private banking, commercial and corporate banking service, investment banking, corporate financing, capital market business, foreign trade capital service, future broker service, capital management, VC management, insurance and stock broker service. UOB manage a diversity of businesses, such as travel and leasing.
In Singapore, UOB is leading its market on credit card and private house leasing. It is playing an important role not only in SME loan market as well. UOB Fund Management Company: UOB Capital management is one of the fund management companies earning most of the accolades and awards in Singapore.
UOB was rewarded as the best bank in the world by Moody investor service: the financial strength is ranked as B, long term saving and short term savings of its banking business is ranking as Aa1 and best 1 grade.
Until 31 December 2010, the general capital owned by UOB Group is S$213.8 billion; the share holder’s equity is S$21.5. In 2010 its net revenue has realized S$1.9 billion. The capital abundant ratio is 19.8%, core capital abundant ratio accounts for 15.3%.
