Asia300

United Overseas Bank Ltd. (Singapore)

Singapore

  • 1m
  • 3m
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  • 1y
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  • 5y
Sep 20, 2017
Prev close: 23.12
Sep 20, 2017
Market cap:
Market cap(USD):
38,596.89M
28,720.36M
Shares: 1,669.41M

Currency in SGD

Company profile

Market(Ticker): SES(U11)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 23,904

Business summary

United Overseas Bank Ltd. (Singapore) provides financial services through its global network of branches, offices, subsidiaries and associates: personal financial services, private banking, commercial and corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management, insurance and stockbroking services. It operates through the following segments: Group Retail (GR); Group Wholesale Banking (GWB); Global Markets and Investment Management (GMIM); and Others. The GR segment focuses on providing customers with financial solutions to help them to manage their money and to achieve their financial goals. The GWB segment provides connections and expertise that companies moving into the region need when planning for long-term and sustainable growth. The GMIM segment manages the bank's liquidity, investments, and market making financial instruments, as well as provides financial risk management solutions and investment opportunities for customers. The company was founded by Wee Kheng Chiang on August 6, 1935 and is headquartered in Singapore.

Company background

United Overseas Bank (UOB) is one of Singapore's top three banking groups, but the smallest in terms of assets. It was founded in 1935 by the Wee family, which owns a 17% share. CEO and Deputy Chairman Wee Ee Cheong is the third generation of Wees to run the bank. His father, Wee Cho Yaw, shaped the bank into what it is today, through a series of acquisitions and overseas expansions. Cho Yaw is also Singapore's fourth richest man as ranked by Forbes this year. He stepped down from the chairmanship in April 2013 and handed it over to Hsieh Fu Hua, the former head of the Singapore Exchange.

In the past 10 years, UOB has strengthened its footholds in Asia, acquiring smaller banks in Indonesia and Thailand. China is the bank's key overseas market, with 16 outlets there. UOB is looking to grow in western China and opened a branch in the southwestern city of Chongqing in September 2014. UOB is also making inroads in Myanmar. It is one of the first nine international banks to be awarded a bank license from the government.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 11,351.44M
Gross profit --
Operating income 3,783.64M
Income before tax 3,776.91M
Net income 3,012.2M
EBITDA --
Diluted EPS 1.85
Dividends per share 0.7
Total assets 340,140.86M
Total liabilities 309,193.55M
Total equity 30,778.70M
Operating cash flow 4,121.99M

Currency in SGD

Revenue 8,221.82M
Gross profit --
Operating income 2,740.48M
Income before tax 2,735.61M
Net income 2,181.72M
EBITDA --
Diluted EPS 1.34
Dividends per share 0.50
Total assets 235,440.47M
Total liabilities 214,019.21M
Total equity 21,304.56M
Operating cash flow 2,985.54M

Currency in USD

Valuation measures

Dec 2016

PER 10.96
ROA 0.91%
ROE 10.00%
Operating margin 33.33%
Profit margin 26.53%

Key executive

  • Deputy Chairman & Chief Executive Officer: Ee Cheong Wee
  • Head-Group Technology & Operations: Wai Cheng Hwee
  • Chief Financial Officer: Wai Fai Lee
  • Head-Group Compliance: Victor Ngo
  • Head-Group Retail: Chin Yong Lee

Share holders

  • WEE FAMILY(9.8%)
  • LIEN FAMILY(5.0%)
  • Tai Tak Estates Sdn. Bhd.(4.0%)
  • The Vanguard Group, Inc.(1.6%)
  • BlackRock Fund Advisors(1.2%)
  • WEE CHO YAW(1.2%)
  • Matthews International Capital Management LLC(0.8%)
  • Norges Bank Investment Management(0.8%)
  • Vontobel Asset Management, Inc.(0.8%)
  • Tweedy, Browne Co. LLC(0.7%)

Address

  • Website: http://www.uob.com.sg
  • Address: UOB Plaza, 80 Raffles Place, Singapore, 048624, Singapore
  • Phone: +65.6533.9898

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