UOB China has maintained robust compound annual revenue growth of 13% since its inception in 2008. Its net profit before tax hit a record high in 2021, more than double that in 2018, the company said in a statement.
United Overseas Bank (UOB) has completed a capital injection of RMB2 billion ($425 million) to its subsidiary in China to strengthen its connectivity, progressive solutions and sustainability capabilities.
This is UOB’s second capital injection to UOB China, following the increase in the bank’s registered capital from RMB3 billion to RMB5.5 billion in 2015.
