United Overseas Bank (UOB) is one of the five largest banking groups in Southeast Asia. Presently, it operates over 500 branches located in Southeast Asia and Greater China. As at 11 June 2019, UOB is valued at S$41.2 billion in market capitalisation. In this article, I’ll bring you an update on UOB’s latest financial results and valuation.
Thus, here are 11 things to know about UOB Bank before you invest.
1. UOB’s loan portfolio has grown by a compound annual growth rate (CAGR) of 11.2% in its loan portfolio over the last 10 years, from S$99.2 billion in 2009 to S$258.6 billion in 2018.
Source: UOB annual reports
This is due to growth in loans disbursed in key segments which include building & construction, housing loans, general commerce, professional & private individuals, and manufacturing during the period.
Key Segment Gross Loan Amount 2009 (S$ billions) Gross Loan Amount 2018