Singapore's UOB bets on Thailand, Vietnam in ASEAN growth surge

Lender wins 2 million clients from Citi buyout but economic headwinds pose risks

20230507 Singapore UOB Jakarta Indonesia ads

Ads for the Singapore bank UOB at Jakarta's Soekarno-Hatta International Airport. (Photo by Dylan Loh)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Major Singaporean lender United Overseas Bank is moving in on rivals in Southeast Asia as its buyout of Citigroup's business in key regional markets adds millions of clients and potentially millions in revenue.

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