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UOB lags local peers in green banking: Maybank-KE

But Maybank-KE also believes these risks are typical for a systemically important bank with regional presence, maintains "hold" recommendation

Kelly Ng

Published Mon, Sep 21, 2020 · 09:50 PM

UOB

Singapore

UOB has some catching up to do on the green banking front, said Maybank-Kim Eng analysts, with the bank lagging its peers on its environmental, social and governance (ESG) financing portfolio and certain diversity metrics.

Maybank-Kim Eng's analyst Thilan Wickramasinghe said in a report that as a bank with a wide regional footprint, UOB is exposed to multiple ESG risks - directly and through its clients.