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United Overseas Bank Ltd (UOVEY.PK)

UOVEY.PK on OTC Markets Group

31.20USD
24 Mar 2017
Change (% chg)

$0.24 (+0.78%)
Prev Close
$30.96
Open
$31.35
Day's High
$31.49
Day's Low
$30.78
Volume
14,290
Avg. Vol
54,487
52-wk High
$31.63
52-wk Low
$25.16

Latest Key Developments (Source: Significant Developments)

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

Orix Corp will take an over 10 pct joint stake in Bitexco Power - Nikkei
Wednesday, 31 Aug 2016 01:02pm EDT 

Nikkei : Orix Corp plans to send directors to Bitexco Power, and will offer advice on business operations as well - Nikkei . Orix Corp will invest in Vietnam's Bitexco Power in September - Nikkei .Orix Corp will take an over 10% joint stake in Bitexco With Singapore's United Overseas Bank in Mid-September - Nikkei.  Full Article

Mencast Holdings announces banking facilities with United Overseas Bank Ltd
Sunday, 21 Aug 2016 07:37pm EDT 

Mencast Holdings Ltd : Banking facilities with United Overseas Bank Limited . The group has on 19 August 2016 entered into banking facility agreements with United Overseas Bank Limited . Group secured loan facility of up to S$50.0 million with United Overseas Bank; also secured facilities of up to S$24.9 million, comprising term loan facility . Says funds from the banking facilities will be used for the redemption of the outstanding bonds of S$50 million .  Full Article

United Overseas Bank updates on outlook
Wednesday, 27 Jul 2016 07:06pm EDT 

United Overseas Bank Ltd :"Looking ahead uncertain outlook; low interest rates globally even as pick-up in credit costs expected" .  Full Article

More From Around the Web

BRIEF-United Overseas Bank receives approval to set up unit in Vietnam

* Received preliminary approval from State Bank of Vietnam to establish a foreign-owned subsidiary bank in Vietnam