Established in 1935, UOB has grown over the decades organically and through strategic acquisitions to become one of three leading banks in Singapore today. Over the medium term, UOB targets to derive more revenues beyond Singapore and a cost-income ratio of ~43%.

UOB aims to further build on its strategic positioning to capture growth in Southeast Asia region and enhance its banking franchise. Est. breakdown of its 2019 pretax income by region: Singapore 61%, Malaysia 11%, Greater China 10%, Thailand 5% & Indonesia 2%. BUY.

Source: OCBC Research - 26 Feb 2021