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United Overseas Bank Ltd (UOVEY.PK)

UOVEY.PK on OTC Markets Group

33.87USD
2:02pm EDT
Change (% chg)

$0.19 (+0.55%)
Prev Close
$33.68
Open
$34.07
Day's High
$34.11
Day's Low
$33.71
Volume
20,904
Avg. Vol
53,300
52-wk High
$34.35
52-wk Low
$25.16

Latest Key Developments (Source: Significant Developments)

United Overseas Bank sees lower NPL from oil and gas sector in 2017
Wednesday, 17 May 2017 05:37am EDT 

May 17 (Reuters) - United Overseas Bank Ltd ::"UOB believes that new non-performing loans and specific allowances from oil and gas sector should be lower in 2017 than in 2016"."Singapore mortgage portfolio will remain resilient, with no systemic signs of asset quality risk as interest rates, unemployment expected to remain conducive"."Long-term structural drivers for Asia remain intact"."We do not expect widespread asset quality deterioration in 2017, barring unforeseen developments".  Full Article

United Overseas Bank posts qtrly net profit after tax S$807 million
Thursday, 27 Apr 2017 06:58pm EDT 

April 28 (Reuters) - United Overseas Bank Ltd :Qtrly net profit after tax S$807 million versus S$766 million a year ago.No dividend on ordinary shares has been declared for Q1 of 2017.Qtrly net interest margin decreased 5 basis points to 1.73%..As at 31 March 2017, group's common equity tier 1 and total capital adequacy ratio (CAR) remained strong at 13.2% and 17.3% respectively.Qtrly net interest income grew 2.3% to S$1.30 billion.  Full Article

United Overseas Bank says Uob Ltd prices A$300 mln 4-year senior unsecured floating rate notes
Tuesday, 28 Mar 2017 07:38am EDT 

United Overseas Bank Limited : Uob Ltd, Sydney Branch Prices A$300 Mil 4-year Senior Unsecured Floating Rate Notes Due April 2021 .Notes will be issues under the s$15 billion euro-medium term note programme.  Full Article

United Overseas Bank receives approval to set up unit in Vietnam
Thursday, 23 Mar 2017 02:47am EDT 

United Overseas Bank Ltd : Received preliminary approval from State Bank of Vietnam to establish a foreign-owned subsidiary bank in Vietnam .State Bank of Vietnam has said it will issue UOB an in-principle approval for FOSB licence by June 2017.  Full Article

United Overseas Bank prices 500 mln euros 0.125 pct covered bonds
Wednesday, 22 Feb 2017 07:01pm EST 

United Overseas Bank Limited : United Overseas Bank Limited Prices Eur500 Million 0.125% Covered Bonds Due 2022 .Issue price: 99.498% of principal amount of covered bonds.  Full Article

United Overseas Bank Limited prices notes
Monday, 20 Feb 2017 08:30pm EST 

United Overseas Bank Limited - : United Overseas Bank Limited Prices S$750 Million 3.5% Subordinated Notes Due 2029 . Intends to issue s$750 million 3.50% subordinated notes due 2029 callable in 2024 ( "notes") . Notes will be issued under s$15 billion euro medium term note programme .Issue date of notes is currently expected to be on 27 february 2017.  Full Article

United Overseas Bank Limited prices notes
Monday, 20 Feb 2017 06:56pm EST 

United Overseas Bank Limited - : United Overseas Bank Limited Prices S$750 Million 3.5% Subordinated Notes Due 2029 . Intends to issue s$750 million 3.50% subordinated notes due 2029 callable in 2024 ( "notes") . Notes will be issued under s$15 billion euro medium term note programme .Issue date of notes is currently expected to be on 27 february 2017.  Full Article

Singapore's United Overseas Bank CEO sees mid single digit loan growth in 2017
Thursday, 16 Feb 2017 08:56pm EST 

Singapore's United Overseas Bank CEO: Says sees mid single digit loan growth in 2017 . Says increase in specific allowance was mainly due to oil and gas and shippingFurther company coverage: [UOBH.SI] (Reporting by Anshuman Daga) ((aradhana.aravindan@thomsonreuters.com;)).  Full Article

United Overseas Bank says global uncertainty, slow growth to continue in 2017
Thursday, 16 Feb 2017 06:28pm EST 

United Overseas Bank Ltd : Against subdued growth environment of 2016, delivered a steady income stream, supported by our diverse fee and lending businesses . Global uncertainty, slow growth and rapid digital transformation will continue in 2017 ."Asia with its increasing integration and consumer affluence presents opportunities for long-term players such as UOB".  Full Article

United Overseas Bank says Q4 NPAT S$739 million versus S$788 million
Thursday, 16 Feb 2017 06:27pm EST 

United Overseas Bank Ltd : Recommend payment of a final one-tier tax-exempt dividend of 35 cents (2015: final dividend of 35 cents) per ordinary share . Q4 npat s$739 million versus s$788 million . Qtrly fee and commission income s$531 million versus s$480 million . Q4 net interest margin 1.69 percent versus 1.79 percent . Q4 npl ratio 1.5 percent versus 1.4 percent . Q4 net interest income s$ 1,276 million versus s$1,277 million . Q4 return on equity 9.4 xx percent versus 10.8 percent . Q4 end common equity tier 1 capital adequacy ratio 13.0 percent versus 13 percent .Q4 return on equity 9.4 percent versus 10.8 percent.  Full Article

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BRIEF-United Overseas Bank sees lower NPL from oil and gas sector in 2017

* "UOB believes that new non-performing loans and specific allowances from oil and gas sector should be lower in 2017 than in 2016"