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United Overseas Banks (UOB)
Zest
DBS on track to hit $10 billion target but challenges lie ahead, especially from geopolitics
Still, DBS is expected to maintain FY2023’s record performance in FY2024.
November 08, 2023
Digital Economy
UOB trials Microsoft's generative AI tool to enhance productivity and collaboration
300 employees across the bank's frontline and back-end business functions will progressively gain access to Microsoft 365 Copilot.
October 03, 2023
Singapore economy
Analysts expect full-year NODX to contract beyond the official -10% threshold after August’s 20.1% decline
OCBC is expecting Singapore's 2023 NODX to contact by "at least" 11% while UOB has lowered its estimates to -15%.
September 18, 2023
Global Economy
Over 70% of UOB’s Asean consumer sentiment study expect to experience an economic downturn in next 12 months
The rising inflation is also a key concern among the participants.
August 21, 2023
Zest
DBS offers better risk-reward with NIM and dividend
Based on the results of the local banks, DBS Group Holdings’ 2QFY2023 ended June results exceeded the expectations of analysts.
August 10, 2023
Singapore economy
Recessionary risks still abound in increasingly 'two-sided economy': Analysts
Maybank economists have raised the probability of a recession over the next 12 months to 12% as of this month, from 9% in October.
November 23, 2022
Broker's Calls
DBS keeps 'buy' on UOB and OCBC while largely positive on Singapore banks
Lim observes that the banks’ net interest income (NII) will bolster 2QFY2022 earnings as NIM continue to expand
July 25, 2022
Special Feature
Incorporating sustainability at the core of their business gives financial institutions an edge
In any society, financial inclusion is an important mission that has the ticket to make financial resources available
February 11, 2022
M&A
DBS to pay $956 mil in premium to acquire Citi's Taiwan consumer business
The acquisition will help DBS speed up its growth in Taiwan by at least ten years
January 28, 2022
Company in the news
UOB injects RMB2 bil in its China subsidiary
This is UOB’s second capital injection to UOB China.
January 25, 2022