09-11-2015, 11:36 PM
09-11-2015, 11:36 PM
13-11-2015, 01:02 PM
Missed this all important news...
http://www.businesstimes.com.sg/banking-...nniversary
UOB rolls out brand campaign in line with its 80th anniversary
By
Siow Li Senlisen@sph.com.sg@SiowLiSenBT
MORE
UNITED Overseas Bank (UOB) is rolling out a brand campaign as part of its 80th anniversary celebrations.
The campaign will focus on the bank's unwavering and long-term commitment to its customers and employees, UOB said on Wednesday.
"The new brand campaign builds on the heritage of UOB and the elements that best position it to remain relevant in the changing lives of its customers and employees across its network of more than 500 branches and offices globally," it noted. "It portrays a bank that is built on, and led by, timeless values that are needed to do what is right for its stakeholders. This principle is what lies behind the new strapline, 'Right by you'."
Gan Ai Im, UOB head of brand, said the new campaign "captures the ethos that have driven UOB's achievements over the past 80 years and reflects how we will be guided into the future in our decision-making, behaviour and relationships with all our stakeholders".
She said staff training is reinforcing the four values of being "honourable, enterprising, united and committed". The four values are also factored into the key performance indicators for senior managers, Ms Gan added.
The campaign is based on research that UOB had conducted over a year which focused on its customers from retail to wholesale banking across its regional network. "Customers told us that UOB is a dependable organisation, standing by customers over the ups and downs of economic cycles," Ms Gan noted.
UOB also ran an online exchange over nine months to draw insights from a cross-section of employees ranging from the newly hired to the ones who have been with the bank for 40 years.
The campaign starts on Thursday (Oct 1), timed to coincide with the first day on which UOB opened its doors in 1935. On that day, 80 years ago, UOB began offering banking services for the merchant community in Singapore as United Chinese Bank at Bonham Building, Raffles Place. In 1965, the bank was renamed United Overseas Bank as it expanded into Hong Kong and thereafter grew organically and through a series of strategic acquisitions across the region.
Today, UOB, Singapore's third-biggest bank, is rated an Aa1 by Moody's and AA- by Standard & Poor's and Fitch Ratings respectively.
The campaign will be launched in Singapore first and it will be rolled out progressively in Malaysia, Indonesia, Thailand, China and Hong Kong in 2016.
http://www.businesstimes.com.sg/banking-...nniversary
UOB rolls out brand campaign in line with its 80th anniversary
By
Siow Li Senlisen@sph.com.sg@SiowLiSenBT
MORE
- S'pore banks must innovate to meet new challenges: PM Lee
- UOB sets up S$50 million scholarship programme with government grant
- Singapore banks must innovate: PM Lee
- Julius Baer's maiden Singdollar perpetual bonds snapped up
- UOB's medium-risk fund doubles assets in 3 months to S$2.2b
- UOB sets up innovation lab, explores crowdfunding
UNITED Overseas Bank (UOB) is rolling out a brand campaign as part of its 80th anniversary celebrations.
The campaign will focus on the bank's unwavering and long-term commitment to its customers and employees, UOB said on Wednesday.
"The new brand campaign builds on the heritage of UOB and the elements that best position it to remain relevant in the changing lives of its customers and employees across its network of more than 500 branches and offices globally," it noted. "It portrays a bank that is built on, and led by, timeless values that are needed to do what is right for its stakeholders. This principle is what lies behind the new strapline, 'Right by you'."
Gan Ai Im, UOB head of brand, said the new campaign "captures the ethos that have driven UOB's achievements over the past 80 years and reflects how we will be guided into the future in our decision-making, behaviour and relationships with all our stakeholders".
She said staff training is reinforcing the four values of being "honourable, enterprising, united and committed". The four values are also factored into the key performance indicators for senior managers, Ms Gan added.
The campaign is based on research that UOB had conducted over a year which focused on its customers from retail to wholesale banking across its regional network. "Customers told us that UOB is a dependable organisation, standing by customers over the ups and downs of economic cycles," Ms Gan noted.
UOB also ran an online exchange over nine months to draw insights from a cross-section of employees ranging from the newly hired to the ones who have been with the bank for 40 years.
The campaign starts on Thursday (Oct 1), timed to coincide with the first day on which UOB opened its doors in 1935. On that day, 80 years ago, UOB began offering banking services for the merchant community in Singapore as United Chinese Bank at Bonham Building, Raffles Place. In 1965, the bank was renamed United Overseas Bank as it expanded into Hong Kong and thereafter grew organically and through a series of strategic acquisitions across the region.
Today, UOB, Singapore's third-biggest bank, is rated an Aa1 by Moody's and AA- by Standard & Poor's and Fitch Ratings respectively.
The campaign will be launched in Singapore first and it will be rolled out progressively in Malaysia, Indonesia, Thailand, China and Hong Kong in 2016.
13-11-2015, 01:06 PM
Mr Lee also commended UOB's chairman emeritus and advisor Wee Cho Yaw for growing the bank into a major regional player. Mr Wee, who led UOB for more than 40 years, had taken over from his father Wee Kheng Chiang, who was one of the bank's founding members.
"Just as a Government needs political succession, so too banks must plan for their leadership succession. Eight years ago, Mr Wee Cho Yaw handed over to a new CEO Mr Wee Ee Cheong, and two years ago he handed over as chairman to a new Chairman, Mr Hsieh Fu Hua. The new team has built on his solid achievements, and they must continue to build up robust board processes and groom the next generation of leadership. Then UOB can scale new heights and continue to succeed for many years to come." said PM Lee.
http://www.channelnewsasia.com/news/sing...l?cid=fbsg
Banks have to upgrade to keep up to date amid challenges: PM Lee
Prime Minister Lee Hsien Loong, who was speaking at the 80th anniversary celebrations of United Overseas Bank, says while Singapore banks are "quite good" overall, in almost every specific area, there are others who are better.
[img=768x0]http://www.channelnewsasia.com/image/1857134/1435845282000/large16x9/768/432/file-photo-of-pm-lee.jpg[/img]
[*]SINGAPORE: The banking industry is entering a challenging phase, and banks will have to continually upgrade their technologies, services, and business models to keep up to date, according to Prime Minister Lee Hsien Loong.
Mr Lee, who was speaking at the 80th anniversary celebrations of United Overseas Bank (UOB) on Thursday night (Nov 12), said that while Singapore banks are "quite good" overall, in almost every specific area, there are others who are better.
For example, he highlighted outstanding digital banking models in the US and Australia, and the use of mobile payments in China and South Korea.
Mr Lee also commended UOB's chairman emeritus and advisor Wee Cho Yaw for growing the bank into a major regional player. Mr Wee, who led UOB for more than 40 years, had taken over from his father Wee Kheng Chiang, who was one of the bank's founding members.
"Just as a Government needs political succession, so too banks must plan for their leadership succession. Eight years ago, Mr Wee Cho Yaw handed over to a new CEO Mr Wee Ee Cheong, and two years ago he handed over as chairman to a new Chairman, Mr Hsieh Fu Hua. The new team has built on his solid achievements, and they must continue to build up robust board processes and groom the next generation of leadership. Then UOB can scale new heights and continue to succeed for many years to come." said PM Lee.
WEE CHO YAW FUTURE LEADERS AWARD LAUNCHED
During the dinner, UOB said it will commit S$20 million to establish a S$50 million scholarship programme to help financially underprivileged students pursue undergraduate studies at Nanyang Technological University and the National University of Singapore.
The rest of the funds will come from a 1.5-times matching grant from the Singapore Government.
The first batch of awardees for the Wee Cho Yaw Future Leaders Award will be selected in 2016, with the criteria based on "financial background, followed by academic performance and community efforts including volunteer work," according to a statement from the bank.
"We are committed to sharing our success with the communities in which we operate and recognise that education is the key to a thriving society. This award is a natural extension of Dr Wee’s support of education over the past few decades. As we celebrate our 80th anniversary this year, it is a fitting tribute to honour his contributions to UOB and achievements in Singapore’s financial industry," said Mr Wee Ee Cheong, UOB's deputy chairman and group CEO.
- CNA/dl
"Just as a Government needs political succession, so too banks must plan for their leadership succession. Eight years ago, Mr Wee Cho Yaw handed over to a new CEO Mr Wee Ee Cheong, and two years ago he handed over as chairman to a new Chairman, Mr Hsieh Fu Hua. The new team has built on his solid achievements, and they must continue to build up robust board processes and groom the next generation of leadership. Then UOB can scale new heights and continue to succeed for many years to come." said PM Lee.
http://www.channelnewsasia.com/news/sing...l?cid=fbsg
Banks have to upgrade to keep up to date amid challenges: PM Lee
Prime Minister Lee Hsien Loong, who was speaking at the 80th anniversary celebrations of United Overseas Bank, says while Singapore banks are "quite good" overall, in almost every specific area, there are others who are better.
- By Linette Lim
- POSTED: 12 Nov 2015 21:52
- UPDATED: 12 Nov 2015 23:43
[img=768x0]http://www.channelnewsasia.com/image/1857134/1435845282000/large16x9/768/432/file-photo-of-pm-lee.jpg[/img]
- [/url]
- [url=http://www.channelnewsasia.com/news/singapore/banks-have-to-upgrade-to/2255336.html?cid=fbsg#]
[*]SINGAPORE: The banking industry is entering a challenging phase, and banks will have to continually upgrade their technologies, services, and business models to keep up to date, according to Prime Minister Lee Hsien Loong.
Mr Lee, who was speaking at the 80th anniversary celebrations of United Overseas Bank (UOB) on Thursday night (Nov 12), said that while Singapore banks are "quite good" overall, in almost every specific area, there are others who are better.
For example, he highlighted outstanding digital banking models in the US and Australia, and the use of mobile payments in China and South Korea.
Mr Lee also commended UOB's chairman emeritus and advisor Wee Cho Yaw for growing the bank into a major regional player. Mr Wee, who led UOB for more than 40 years, had taken over from his father Wee Kheng Chiang, who was one of the bank's founding members.
"Just as a Government needs political succession, so too banks must plan for their leadership succession. Eight years ago, Mr Wee Cho Yaw handed over to a new CEO Mr Wee Ee Cheong, and two years ago he handed over as chairman to a new Chairman, Mr Hsieh Fu Hua. The new team has built on his solid achievements, and they must continue to build up robust board processes and groom the next generation of leadership. Then UOB can scale new heights and continue to succeed for many years to come." said PM Lee.
WEE CHO YAW FUTURE LEADERS AWARD LAUNCHED
During the dinner, UOB said it will commit S$20 million to establish a S$50 million scholarship programme to help financially underprivileged students pursue undergraduate studies at Nanyang Technological University and the National University of Singapore.
The rest of the funds will come from a 1.5-times matching grant from the Singapore Government.
The first batch of awardees for the Wee Cho Yaw Future Leaders Award will be selected in 2016, with the criteria based on "financial background, followed by academic performance and community efforts including volunteer work," according to a statement from the bank.
"We are committed to sharing our success with the communities in which we operate and recognise that education is the key to a thriving society. This award is a natural extension of Dr Wee’s support of education over the past few decades. As we celebrate our 80th anniversary this year, it is a fitting tribute to honour his contributions to UOB and achievements in Singapore’s financial industry," said Mr Wee Ee Cheong, UOB's deputy chairman and group CEO.
- CNA/dl
24-11-2015, 10:18 AM
Mortgage-backed securities (MBS) is getting popular among Singapore banks. DBS launched first, with a fixed coupon 1.625% and 3Y tenor. UOB's bond shouldn't be too far from that. Will the yield able to cover inflation?
http://www.straitstimes.com/business/ban...ered-bonds
The products should be very safe, which is owned by the banks, covered, and bondholders are first in the queue as creditors. I reckon, as long as no "sub-prime" concept, it will remain very safe.
(not vested)
UOB launches US$8b global covered bond programme
UNITED Overseas Bank (UOB) on Monday launched its US$8 billion covered bond programme.
The covered bonds issued under the programme will be backed by a selected portfolio of mortgage loans linked to properties in Singapore. They are expected to be rated AAA by Standard and Poor's Ratings Services and Aaa by Moody's Investors Service.
...
http://www.businesstimes.com.sg/banking-...-programme
http://www.straitstimes.com/business/ban...ered-bonds
The products should be very safe, which is owned by the banks, covered, and bondholders are first in the queue as creditors. I reckon, as long as no "sub-prime" concept, it will remain very safe.
(not vested)
UOB launches US$8b global covered bond programme
UNITED Overseas Bank (UOB) on Monday launched its US$8 billion covered bond programme.
The covered bonds issued under the programme will be backed by a selected portfolio of mortgage loans linked to properties in Singapore. They are expected to be rated AAA by Standard and Poor's Ratings Services and Aaa by Moody's Investors Service.
...
http://www.businesstimes.com.sg/banking-...-programme
02-12-2015, 03:06 PM
1 December, 2015 - Broker's Report
UOB Kay Hian stays overweight on Singapore property.
http://www.theedgemarkets.com/sg/article...e-property
UOB Kay Hian stays overweight on Singapore property.
http://www.theedgemarkets.com/sg/article...e-property
03-03-2016, 05:08 PM
UOB to participate on the crowdfunding, to fill the cap for new start-up, and SME funding...
UOB partners with Israeli crowdfunding platform
03 Mar 2016 13:42
[SINGAPORE] Singapore's United Overseas Bank said it would invest US$10 million in Israel-headquartered crowdfunding platform OurCrowd as part of the companies' collaboration to help Asian startups raise equity funds.
UOB said the deal would allow accredited investors among its clients invest in OurCrowd's portfolio companies, adding the partnership would help address the funding gap for small and medium enterprises in southeast Asia.
Sassoon Investment Corp, an investment holding company of Singapore-based Sassoon family known for building The Coffee Bean & Tea Leaf brand, will also be investing in OurCrowd's Asian expansion.
...
REUTERS
Source: Business Times Breaking News
UOB partners with Israeli crowdfunding platform
03 Mar 2016 13:42
[SINGAPORE] Singapore's United Overseas Bank said it would invest US$10 million in Israel-headquartered crowdfunding platform OurCrowd as part of the companies' collaboration to help Asian startups raise equity funds.
UOB said the deal would allow accredited investors among its clients invest in OurCrowd's portfolio companies, adding the partnership would help address the funding gap for small and medium enterprises in southeast Asia.
Sassoon Investment Corp, an investment holding company of Singapore-based Sassoon family known for building The Coffee Bean & Tea Leaf brand, will also be investing in OurCrowd's Asian expansion.
...
REUTERS
Source: Business Times Breaking News
03-03-2016, 11:22 PM
How to join?
23-08-2016, 04:44 PM
UOB Lists Itself as a $112M Creditor of Searights
http://shipandbunker.com/news/apac/97876...-searights
http://shipandbunker.com/news/apac/97876...-searights
02-03-2017, 12:38 PM
UOB is not lagging in its Fintech effort, with a lesser PR effort than DBS
The target is the larger group of SMEs, with minimum cost with automation. I read from other sources, the processing fee is 1.5%-2.0% up to 90 days. It is a good biz model, if risk management is done right, IMHO
UOB unveils virtual corporate credit card
Th is is the first of its kind in Southeast Asia.
United Overseas Bank (UOB) has launched the UOB Virtual Payment Solutions suite, a virtual accounts payable solution that aims to help companies raise their productivity and manage cost efficiently.
The UOB Virtual Payment Solutions suite enables businesses to pay their vendors and suppliers through a virtual corporate credit card account even if these parties do not accept credit card payments. The supplier receives payment immediately and the company making the purchase enjoys interest-free credit to help extend their cash flow for up to 90 days.
https://sg.finance.yahoo.com/news/uob-un...00186.html
The target is the larger group of SMEs, with minimum cost with automation. I read from other sources, the processing fee is 1.5%-2.0% up to 90 days. It is a good biz model, if risk management is done right, IMHO
UOB unveils virtual corporate credit card
Th is is the first of its kind in Southeast Asia.
United Overseas Bank (UOB) has launched the UOB Virtual Payment Solutions suite, a virtual accounts payable solution that aims to help companies raise their productivity and manage cost efficiently.
The UOB Virtual Payment Solutions suite enables businesses to pay their vendors and suppliers through a virtual corporate credit card account even if these parties do not accept credit card payments. The supplier receives payment immediately and the company making the purchase enjoys interest-free credit to help extend their cash flow for up to 90 days.
https://sg.finance.yahoo.com/news/uob-un...00186.html
20-04-2017, 07:28 PM
Banking outlook very tough, says UOB's Wee Cho Yaw
by Wong Wei Han
20 April 2017
SINGAPORE - The banking sector's outlook will be "very tough" in the coming one to two years, UOB chairman emeritus Wee Cho Yaw has cautioned.
Mr Wee made this comment on Thursday (April 20) during UOB's annual general meeting, with around 1,000 shareholders in attendance. He said that the sector did not do well last year, including banks in the United States and in China.
That's why UOB should stay "conservative", the 88-year-old added, as an aggressive approach may hit the bank's earnings.
UOB saw its full-year net profit drop from S$3.22 billion in 2015 to S$3.11 billion last year.
The decline was due partly to major provisions forked out by the bank for its non-performing loans exposure to the struggling oil and gas sector - an issue faced also by DBS and OCBC.
More details in http://www.straitstimes.com/business/ban...ee-cho-yaw
by Wong Wei Han
20 April 2017
SINGAPORE - The banking sector's outlook will be "very tough" in the coming one to two years, UOB chairman emeritus Wee Cho Yaw has cautioned.
Mr Wee made this comment on Thursday (April 20) during UOB's annual general meeting, with around 1,000 shareholders in attendance. He said that the sector did not do well last year, including banks in the United States and in China.
That's why UOB should stay "conservative", the 88-year-old added, as an aggressive approach may hit the bank's earnings.
UOB saw its full-year net profit drop from S$3.22 billion in 2015 to S$3.11 billion last year.
The decline was due partly to major provisions forked out by the bank for its non-performing loans exposure to the struggling oil and gas sector - an issue faced also by DBS and OCBC.
More details in http://www.straitstimes.com/business/ban...ee-cho-yaw