UOB beats its drums over China business

Plans to have more branches, expand retail network

UNITED Overseas Bank (UOB) sounded a positive note over its business in China on Wednesday, with plans to boost the number of branches it operates there as well as to expand its retail network.

This comes as the bank's China unit has grown its revenue by at least 10 per cent every year for the past five years, and plans to at least maintain this pace of growth over the next five years.

"We are going to more than double the number of banking network from eight to 17 by end of the year, including one...

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