United Overseas Bank Ltd has set up a foreign exchange
(FX) advisory and trading unit dedicated to small businesses in
Southeast Asia, as more of them seek advice on FX hedging, the
Business Times daily reported.
This comes as UOB continues to be bullish in the SME space,
posting double-digit growth in the SME segment last year, said
Victor Lee, UOB Group's head of business banking at a press
briefing on Tuesday.
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.
(Compiled by Singapore Newsroom; Editing by Prateek Chatterjee)