It is a multinational organization located in Singapore and founded by Datuk Wee Kheng Chiang. It offers corporate, commercial, business, investment, and many more banking services to clients and companies. UOB is short for United Overseas Bank. It is one of the most important banks in Asia.
Table of Contents
During the Great Depression, a banking institution with the name of the United Chinese Bank (UCB) was created on August 6, 1935. Datuk Wee Kheng Chiang founded this bank along with a small group of entrepreneurs. In 1956, it introduced the coin bank for children. It opens its first branch on Beach Road.
In 1965, UCB changed its name to United Overseas Bank (UOB) and opened its first international branch in Hong Kong. At the beginning of the 1970s, it established the 5-bar logo (which it currently has) to represent the bank. During this same decade, it opened several branches and agencies to expand internationally in Tokyo, London, and New York. Also, for the same purpose, it bought Chung Khiaw Bank (CKB) and Lee Wah Bank.
In the 1980s and 1990s, it continued to open offices to expand in Seoul, Beijing, Sydney, Xiamen, Vancouver, Yangon, and Shanghai. Similarly, it acquired big companies and banks such as Far Eastern Bank, Westmont Bank in the Philippines, and Radanasin Bank in Thailand.
To become a larger bank, in 2001, UOB merges with Overseas Union Bank Limited (OUB). In 2002, it continued to expand through several countries, especially in China, establishing branches in Shanghai and Beijing.
A routing number is needed to identify the bank during a bank transfer. It contains nine digits: 026007113.
Number of Employees
The bank has a staff of 24,853 employees.
The rating of a banking entity is carried out by Moody’s, S&P, and Fitch agencies to verify that debts are paid.
UOB has a rating of:
- Moody’s = Aa1.
- S&P = AA-.
- Fitch = AA-.
Aa1 (Moody’s) = It means that it has high quality and with a little more risk to long-term risks.
AA- (S&P Global) = It means that the entity has excellent quality, is very stable, and with little risk.
AA- (Fitch) = The bank has high security.
The headquarters are at UOB Plaza, Singapore.
If you want to know more about this bank, enter through its website: http://www.uobgroup.com
The bank offers services to finance the purchase or rental of machinery, equipment, commercial and industrial properties, and working capital. The bank will be responsible for paying and retaining ownership of these. After the client pays the fee, the bank will deliver the property.
Also, it provides investment banking and treasury services, banking transaction services, and cash management. It has online banking for the customer to perform any operation from anywhere.
Address: UOB Plaza, 80 Raffles Place, Singapore 048624.
Phone Number: 1800 222 2121 (Singapore), +65 6222 2121 (Overseas Customers).