United Overseas Bank

United Overseas Bank

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United Overseas Bank

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United Overseas Bank Limited (Simplified Chinese: 大华银行有限公司; Pinyin: Dàhuá Yínháng Yǒuxìan Gōngsī), abbreviated as UOB (Simplified Chinese: 大华银行; Pinyin: Dàhuá Yínháng) is a bank incorporated in Singapore. It was founded 6 August 1935 by Kuching-born Datuk Wee Kheng Chiang, father of the present United Overseas Bank Group Chairman, Mr. Wee Cho Yaw, and a group of seven Chinese businessmen. UOB is currently the third largest bank based in Singapore.

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Bank Subsidiaries

  1. Far Eastern Bank (Singapore)
  2. UOB Malaysia (Malaysia)
  3. UOB Thailand (Thailand)
  4. PT Bank UOB Indonesia (Indonesia)
  5. PT Bank Buana (Indonesia)

Far Eastern Bank (Singapore)

In 2001, the bank successfully acquired Overseas Union Bank Ltd with a US$5.7 billion offer which outbid rival DBS Bank's $5.2 billion bid. It legally became a single entity under the UOB name from 2 January 2002, becoming Singapore's largest bank in terms of domestic customer loan, credit cards and market capitalisation.

UOB Malaysia

United Overseas Bank Bhd (UOB Malaysia) is a subsidiary of the United Overseas Bank Group, Singapore. Incorporated in Malaysia in 1993, UOB Malaysia took over the operations of Lee Wah Bank Limited (LWB) in 1994. LWB was incorporated in Singapore in 1920 and opened its first Malaysian branch in 1956. In 1973, LWB became a wholly owned subsidiary of United Overseas Bank Limited, Singapore.

On 7 June 1997, UOB Malaysia merged with......
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