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Bank project on UOB. Background and History of Untied Overseas Bank Limited
(UOB) United Overseas Bank Limited abbreviated as UOB ...
... information and data of the research project were gathered ... signal yet that the central
bank is really ... foreign banks (StanChart, HSBC, OCBC, UOB) have merely ...
Submitted by yun_er on November 10, 2007
Category: Business
Words: 2496 | Pages: 10
Views: 170
Popularity Rank: 62,629
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Background and History of Untied Overseas Bank Limited (UOB)
United Overseas Bank Limited abbreviated as UOB was founded in 6 August 1935 firstly known as United Chinese Bank. The UOB Empire was first built up by Sarawak-born Datuk Wee Kheng Chiang ¨C father of the present UOB Group Chairman, Wee Cho Yaw together with 6 other businessman. Since then, UOB has grown from strength to strength becoming a leading bank in Singapore and a dominant player in Asia-Pacific today.
One of the important corporate milestones which lead them to where they are today will be outbidding DBS bank in acquiring Overseas Union Bank Limited and became Singapore largest bank in terms of domestic customer loans, credit cards and market capitalization from 2002. These 2 years, they focus in going global by acquiring and increasing their interest in overseas bank and completing integration of its 2 Thai banking subsidiaries. UOB also broke new grounds in Vietnam by becoming the first foreign bank to be part of the domestic card network and foreign bank with the largest network in Malaysia as well as further expanding their business in China.
Currently, UOB hold on to their mission of providing quality products and excellent services by providing a wide range of financial services through a global network of branches and subsidiaries that excels in personal financial services, private banking, commercial and corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management, general insurance, life assurance and stock broking services. UOB owned banking subsidiaries locally and in foreign countries such as Far Eastern Bank, United Overseas Bank (Malaysia), United Overseas Bank (Thai), PT Bank UOB Indonesia and PT Bank UOB Buana respectively. Some of their key icons include their continuous effort in bringing value to customers in launching products and...
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