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Singapore's UOB revises down 2024 loan growth, Q4 profit beats forecasts

SINGAPORE: Singapore's United Overseas Bank (UOB) on Thursday cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22% jump in fourth quarter net profit. ....

Chinese Banking Corp , Singapore United Overseas Bank , United Overseas Bank , Southeast Asia ,

UOB hands out one-off extra month of bonus to junior staff

Singapore News - UOB will provide its junior employees an extra month of bonus on a one-off basis to help them cope with rising costs of living, joining local peers DBS Bank and OCBC Bank in doing so. Singapore’s third-largest bank will pay the additional bonus to about 6,000 employees. Read more at www.tnp.sg ....

Singapore National Wages Council , Greater China , National Wages Council , Banks And Financial Institutions , Cost Of Living ,

UOB's Q4 profit beats forecasts; junior staff to get one-off bonus to cope with rising living costs

SINGAPORE: UOB on Thursday (Feb 22) cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22 per cent jump in fourth-quarter net profit. UOB maintained its 2024 guidance for double-digit fee growth while projecting total income to see positi ....

National Wages Council , Southeast Asia , Cost Of Living ,

ST School Pocket Money Fund to benefit from UOB fund-raiser

Singapore News - UOB and its commercial banking clients raised more than $2.2 million for art, children’s and educational causes as part of the bank’s annual Chinese New Year festive celebrations. The funds were raised through a series of art workshops and a fund-raising. Read more at www.tnp.sg ....

Karsono Kwee , Leo Liu , Neo Kah Kiat , Phuay Li Ying , Frederick Chin , Eurokars Group , Community Development Council , Business Times Budding Artists Fund , Straits Times School Pocket Money Fund , Neo Group , New Year , North West Community Development Council , South East , Digital Bootcamp , Central Singapore , Soaring Dragon , Platinum Award , Flourishing Vitality , Lunar New Year , Straits Times School Pocket Money Fund , Rowdfunding And Fundraising ,

Rise in sustainability-linked loans by banks to SMEs, as segment seeks help in decarbonisation efforts

Smaller firms are hesitant to invest in green initiatives as they are unsure if they can get a good return on investment, especially for infrastructure projects like installing solar panels and water recycling systems. ....

Alex Teo , Sustainable Financing ,