UOB's Greater China loans double to S$25b over three years

Singapore

UNITED Overseas Bank's strategy of financing Chinese companies investing overseas is paying off, with cross borders loans doubling from three years ago to S$25.1 billion.

As Chinese companies expand along the One Belt One Road (OBOR) trade routes and as trade and investment between China and South-east Asia continues to grow, UOB has also doubled its cross-border financing to these companies over the last three years, it said on Thursday

Loans to Greater China as at end-September 2015 rose to S$25.1 billion, almost doubled from S$12.3 billion in 2013. "The bulk of the $25.1 billion is from c…