UOB grows its financial institution business

Singapore

UNITED Overseas Bank (UOB) has been ramping up its activities in supporting the growth of international financial institutions that want to expand and invest in Asia.

Revenue for the bank's financial institutions group (FIG) rose more than 40 per cent in the first six months of this year, compared with the same period last year. The division helps clients such as banks, insurance companies, global funds, sovereign wealth funds and pension funds meet their funding, trade financing, cash management, hedging and capital market needs across the region.