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7 things I learned from the 2021 UOB AGM
By The Fifth Person  •  June 4, 2021
United Overseas Bank (UOB) is a leading bank in Asia with a global network of over 500 branches and offices in 19 countries and territories in Asia-Pacific, Europe, and North America. As of 31 December 2021, UOB has total assets of S$432 billion. In terms of total assets, the bank is the third largest in Southeast Asia. UOB has a market capitalisation of S$44.0 billion as of 31 May 2021. UOB currently offers commercial and corporate banking services, personal services, private banking, and asset management services, as well as corporate finance, venture capital, investment, and insurance. I attended UOB’s 2021 AGM to learn more about how the pandemic impacted UOB’s performance and its future expansion plans. Here are the seven things I learned from the 2021 UOB AGM. 1. Net profit after tax fell 33% year-on-year to S$2.9 billion in FY2020 from S$4.3 billion in FY2019. This was caused by...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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