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United Overseas Bank Ltd (UOBH.SI)

UOBH.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Prudential PLC And UOB Renew And Expand Regional Bancassurance Alliance
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Prudential Plc ::PRUDENTIAL PLC AND UOB RENEW AND EXPAND THEIR REGIONAL STRATEGIC BANCASSURANCE ALLIANCE.AN INITIAL FEE OF £662 MILLION WILL BE PAID UNDER AGREEMENT WHICH WILL BE FUNDED THROUGH INTERNAL RESOURCES.  Full Article

United Overseas Bank Says Signed Agreement To Renew Strategic Regional Bancassurance Arrangement With Prudential Group
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - United Overseas Bank Ltd ::HAS SIGNED AN AGREEMENT TO RENEW ITS STRATEGIC REGIONAL BANCASSURANCE ARRANGEMENT WITH PRUDENTIAL GROUP FOR 15 YEARS.A FEE OF S$1.15 BILLION WILL BE PAID THAT WILL BE ACCRUED OVER LIFE OF BANCASSURANCE ARRANGEMENT.UNDER AGREEMENT, UOB GROUP TO DISTRIBUTE PRUDENTIAL GROUP'S LIFE INSURANCE PRODUCTS TO ITS CONSUMER BANKING CUSTOMER BASE.  Full Article

United Overseas Bank Announces Acquisition Of Shares In Pt Pg Asset Management
Monday, 26 Nov 2018 

Nov 26 (Reuters) - United Overseas Bank Ltd ::ANNOUNCES ACQUISITION OF SHARES IN PT PG ASSET MANAGEMENT.CONSIDERATION FOR ACQUISITION IS S$2.25 MILLION.ACQUISITION NOT EXPECTED TO HAVE A MATERIAL IMPACT ON EARNINGS OR NET TANGIBLE ASSETS OF UOBAM OR UOB GROUP FOR CURRENT FY.UNIT ENTERED AGREEMENT WITH PT MULTIKEM SUPLINDO FOR ACQUISITION OF 75% OF ISSUED SHARES IN PT PG ASSET MANAGEMENT.  Full Article

United Overseas Bank, Grab Announce Strategic Regional Alliance
Monday, 12 Nov 2018 

Nov 12 (Reuters) - United Overseas Bank Ltd ::UOB AND GRAB ANNOUNCE STRATEGIC REGIONAL ALLIANCE.ALLIANCE WILL ENABLE UOB TO DELIVER FINANCIAL SERVICES TO GRAB'S ASEAN-WIDE USER BASE.UNDER ALLIANCE, UOB WILL BECOME GRAB'S PREFERRED BANKING PARTNER IN SINGAPORE.UOB WILL ALSO BE A STRATEGIC CREDIT CARD PARTNER FOR GRAB IN SINGAPORE, INDONESIA, MALAYSIA, THAILAND AND VIETNAM.UNDER ALLIANCE, BOTH COMPANIES WILL ALSO EXPLORE LAUNCHING CO-BRANDED CREDIT CARDS IN ASEAN.BANK IS ALSO WORKING WITH GRAB TO EMBED FEATURES OF ITS UPCOMING DIGITAL BANK WITHIN GRAB'S MOBILE APP.UOB-CO TO ALSO EXPLORE SUPPORT FOR GRAB IN OTHER AREAS INCLUDING FLEET FINANCING, REGIONAL & CENTRALISED TREASURY MANAGEMENT SOLUTIONS, AMONG OTHERS.  Full Article

United Overseas Bank Posts Qtrly Net Profit After Tax S$1,037 Mln
Friday, 26 Oct 2018 

Oct 26 (Reuters) - United Overseas Bank Ltd ::Q3 NET INTEREST INCOME S$1.60 BILLION VERSUS S$1.41 BILLION.QTRLY NET PROFIT AFTER TAX S$1,037 MILLION VERSUS S$883 MILLION.AS AT 30 SEPT 2018, GROUP'S COMMON EQUITY TIER 1 CAR WAS 14.1%.  Full Article

United Overseas Bank Announces Digital Bank
Friday, 3 Aug 2018 

Aug 3 (Reuters) - United Overseas Bank Ltd ::ANNOUNCES DIGITAL BANK FOR ASEAN'S BASE OF 'MOBILE FIRST' AND 'MOBILE ONLY' CUSTOMERS.DIGITAL BANK AIMS TO BUILD CUSTOMER BASE OF 3 TO 5 MILLION IN NEXT 5 YEARS OPERATING AT STEADY-STATE COST-TO-INCOME RATIO OF 35 PERCENT.  Full Article

United Overseas Bank Posts Q2 Net Profit After Tax Of S$1.08 Bln
Friday, 3 Aug 2018 

Aug 3 (Reuters) - United Overseas Bank Ltd ::Q2 NET PROFIT AFTER TAX S$ 1,077 MILLION VERSUS S$845 MILLION.Q2 NET INTEREST INCOME S$ 1,542 MILLION VERSUS S$1,356 MILLION.DECLARED INTERIM DIVIDEND OF 50 CENTS PER ORDINARY SHARE.Q2 NET INTEREST MARGIN 1.83 PERCENT VERSUS 1.75 PERCENT.NPL RATIO 1.7 PERCENT AS AT QUARTER END.COMMON EQUITY TIER 1 RATIO 14.5% AS AT QUARTER END.  Full Article

United Overseas Bank Says Sydney Branch Intends To Issue A$600 Mln Floating Rate Notes
Wednesday, 18 Jul 2018 

July 18 (Reuters) - United Overseas Bank Ltd ::SYDNEY BRANCH INTENDS TO ISSUE A$600 MILLION FLOATING RATE NOTES DUE JANUARY 2022.NOTES WILL BE ISSUED UNDER U.S.$15 BILLION GLOBAL MEDIUM TERM NOTE PROGRAMME.  Full Article

United Overseas Bank To Sell Certain Assets Of Global Wholesale Banknotes To Travelex Currency Exchange
Monday, 30 Apr 2018 

April 30 (Reuters) - United Overseas Bank Ltd ::TO SELL CERTAIN ASSETS OF ITS GLOBAL WHOLESALE BANKNOTES TO TRAVELEX CURRENCY EXCHANGE.WITH SALE, UOB WILL CEASE ITS GLOBAL WHOLESALE BANKNOTES BUSINESS.COMPLETION OF SALE EXPECTED TO TAKE PLACE IN Q3 OF YEAR.  Full Article

United Overseas Bank Launches Joint Venture Avatec.Ai (S) Pte Ltd (Avatec)
Monday, 16 Apr 2018 

April 16 (Reuters) - United Overseas Bank Ltd ::LAUNCHES JOINT VENTURE AVATEC.AI (S) PTE LTD (AVATEC).BANK WILL INVEST UP TO S$12 MILLION IN AVATEC OVER NEXT TWO YEARS.  Full Article

CRISIL ratings for Indian debt instruments-Jan 1

Jan 1 Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of December 31, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Aagam Holdings Pvt Ltd