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United Overseas Bank Ltd (UOBH.SI)

UOBH.SI on Stock Exchange of Singapore

29.23SGD
23 May 2018
Change (% chg)

$-0.42 (-1.42%)
Prev Close
$29.65
Open
$29.37
Day's High
$29.50
Day's Low
$29.20
Volume
2,677,300
Avg. Vol
2,897,193
52-wk High
$30.37
52-wk Low
$22.70

Latest Key Developments (Source: Significant Developments)

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

United Overseas Bank Ltd Enters JV With Pintec Technology Holdings
Monday, 16 Apr 2018 

April 16 (Reuters) - United Overseas Bank Ltd ::OINT VENTURE WITH PINTEC TECHNOLOGY HOLDINGS LIMITED.JV AVATEC WILL HAVE AN ISSUED AND PAID-UP CAPITAL OF UP TO S$10 MILLION.AVATEC TO OFFER CREDIT SERVICES AND SOLUTIONS IN SOUTHEAST ASIAN COUNTRIES.  Full Article

United Overseas Bank Says It Bought 10.3 Percent Stake In Marco Polo Marine
Friday, 26 Jan 2018 

Jan 26 (Reuters) - United Overseas Bank Ltd ::BOUGHT 10.29 PERCENT STAKE IN MARCO POLO MARINE LTD.MARCO POLO MARINE SHARES WERE ALLOTTED TO BANK AT PRICE OF S$0.035 PER SHARE..‍TRANSACTION NOT EXPECTED TO HAVE MATERIAL IMPACT ON EARNINGS PER SHARE OF BANK FOR FY ENDING 31 DEC 2018​.  Full Article

United Overseas Bank says Sydney branch to issue A$400 mln floating rate notes
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - United Overseas Bank Ltd ::Co's Sydney branch intends to issue A$400 million floating rate notes due November 2018​.  Full Article

United Overseas Bank posts quarterly net profit after tax S$‍883​ million
Thursday, 2 Nov 2017 

Nov 3 (Reuters) - United Overseas Bank Ltd :Qtrly net profit after tax S$‍883​ million versus S$791 million.Qtrly ‍net interest income increased 4% to S$1.41 billion​‍​.‍As at 30 September 2017, amount of non-performing loans grew 7% year-on-year.Fully-loaded common equity tier 1 capital adequacy ratio (CAR) rose to 13.8% as at 30 Sept 2017​.  Full Article

United Overseas Bank says‍ Chairman Emeritus Wee Cho Yaw will retire from board
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - United Overseas Bank Ltd ::Chairman Emeritus Wee Cho Yaw to retire from UOB board​.Board nominates Wong Kan Seng to succeed Hsieh Fu Hua as chairman​.  Full Article

Orix Corp will take an over 10 pct joint stake in Bitexco Power - Nikkei
Wednesday, 31 Aug 2016 

Nikkei : Orix Corp plans to send directors to Bitexco Power, and will offer advice on business operations as well - Nikkei . Orix Corp will invest in Vietnam's Bitexco Power in September - Nikkei .Orix Corp will take an over 10% joint stake in Bitexco With Singapore's United Overseas Bank in Mid-September - Nikkei.  Full Article

Mencast Holdings announces banking facilities with United Overseas Bank Ltd
Monday, 22 Aug 2016 

Mencast Holdings Ltd : Banking facilities with United Overseas Bank Limited . The group has on 19 August 2016 entered into banking facility agreements with United Overseas Bank Limited . Group secured loan facility of up to S$50.0 million with United Overseas Bank; also secured facilities of up to S$24.9 million, comprising term loan facility . Says funds from the banking facilities will be used for the redemption of the outstanding bonds of S$50 million .  Full Article

United Overseas Bank updates on outlook
Thursday, 28 Jul 2016 

United Overseas Bank Ltd :"Looking ahead uncertain outlook; low interest rates globally even as pick-up in credit costs expected" .  Full Article

UOB ceasing foreign currency banknotes import in Taiwan - sources

TAIPEI, May 18 United Overseas Bank (UOB) will stop supplying foreign currency banknotes to lenders in Taiwan from June 18 amid concern on tighter anti-money laundering rules in the region, four sources with direct knowledge of the matter said.