The Business Times
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UOB scores in cash management

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Published Mon, Aug 25, 2014 · 10:00 PM

UNITED Overseas Bank (UOB) has been stepping up its transaction banking offerings, in particular cash management services.

In the past 12 months, UOB's transaction banking unit reported a 28 per cent year-on-year increase in revenue in the first half of this year, it said on Monday.

This was supported by a doubling of trade loans and double-digit growth in deposits despite today's low-interest rate environment, UOB said in a statement.

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