A key driver of the pre-emptive general provision (GP) was due to the declines in collateral valuations in commercial real estate (CRE) in Hong Kong and the US.
Questions posed at United Overseas Bank’s (UOB) 84th annual general meeting (AGM) ranged from its loan book and commercial real estate (CRE) to gold, private credit and directors’ fees.
In November 2025, UOB announced “pre-emptive” general provisions of $615 million amid macro uncertainties and sector-specific headwinds.
