UOB's S-E Asia strategy pays off

Singapore

UNITED Overseas Bank's (UOB) South-east Asia strategy is paying off as the region's strong economic fundamentals attract more investments and increasing intra-regional trade flows.

Unlike its bigger rivals which have bought banks in Hong Kong and Taiwan, UOB has opted to focus on Asean. The smallest of the three Singapore banks by market capitalisation, UOB has the largest presence in South-east Asia, with 484 branches and representative offices across the region. DBS Group Holdings has 135 while OCBC Bank has 443.