United Overseas Bank (UOB) (SGX: U11) is one of three locally listed banks in Singapore. It is the third largest bank by market capitalization, which comes in at S$40.03 billion.
UOB’s key markets are Singapore, Malaysia, Thailand, Indonesia and Greater China. It has more than 500 branches and representative offices in 19 countries.
Here are 7 things you need to know about UOB. Its closest competitor includes DBS Group Holdings Ltd (SGX: D05) and Oversea Chinese Banking Corporation Ltd (SGX:O39).
Stock Information
TICKER SYMBOL: SGX:U11
MARKET CAP: S$ 40.0 billion
INDUSTRY: Banking
The Business
To start off let’s look at the contribution of the different countries in which UOB operates. The chart below shows a breakdown of UOB’s profit before tax from the different countries. We can see that Singapore and Malaysia are still the most important contributors to UOB’s bottom-line.
Source: UOB 2016 Full year earnings presentation
Moving on, ...
...