The announcement was made at an event graced by Gan Kim Yong, Minister for Trade and Industry, and UOB’s deputy chairman and CEO Wee Ee Cheong.
Even as United Overseas Bank (UOB) (SGX:U11
) eyes new growth overseas, as shown by its acquisition of Citibank’s retail business in four Asean markets, the bank is constantly investing in the home market Singapore to stay ahead.
UOB, on April 18, announced that it will invest over $500 million to build its new global technology and innovation centre in JTC’s Punggol Digital District, becoming the first local bank to do so. With the multimillion price tag, UOB is also the largest commercial investor in the district to date.
